Pico Holdings Inc. (PICO) Sees Strong Trading Volume
Pico Holdings Inc. (NASDAQ:PICO) saw an uptick in trading volume on Friday . 297,334 shares were traded during mid-day trading, an increase of 161% from the previous session’s volume of 113,894 shares.The stock last traded at $10.08 and had previously closed at $10.03.
The firm’s 50-day moving average price is $9.69 and its 200-day moving average price is $9.46. The firm’s market capitalization is $232.21 million.
A hedge fund recently raised its stake in Pico Holdings stock. First Trust Advisors LP increased its stake in Pico Holdings Inc. (NASDAQ:PICO) by 112.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,415 shares of the company’s stock after buying an additional 105,671 shares during the period. First Trust Advisors LP owned approximately 0.87% of Pico Holdings worth $2,058,000 at the end of the most recent quarter.
PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. PICO’s subsidiary, Vidler Water Company, Inc (Vidler), acquires and develops water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.
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