708,525 Shares in Pico Holdings Inc. (PICO) Acquired by Bank of Montreal Can
Bank of Montreal Can acquired a new stake in shares of Pico Holdings Inc. (NASDAQ:PICO) during the second quarter, Holdings Channel reports. The institutional investor acquired 708,525 shares of the company’s stock, valued at approximately $6,702,000.
A number of other institutional investors also recently bought and sold shares of the stock. Boothbay Fund Management LLC boosted its stake in Pico Holdings by 1.6% in the first quarter. Boothbay Fund Management LLC now owns 27,703 shares of the company’s stock valued at $283,000 after buying an additional 427 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Pico Holdings by 0.9% in the first quarter. Geode Capital Management LLC now owns 154,451 shares of the company’s stock worth $1,580,000 after buying an additional 1,368 shares in the last quarter. Finally, Robotti Robert boosted its stake in shares of Pico Holdings by 2.9% in the first quarter. Robotti Robert now owns 214,550 shares of the company’s stock worth $2,195,000 after buying an additional 6,065 shares in the last quarter. 79.41% of the stock is currently owned by institutional investors and hedge funds.
Shares of Pico Holdings Inc. (NASDAQ:PICO) traded down 1.42% during midday trading on Friday, hitting $11.11. 45,312 shares of the company’s stock were exchanged. The firm’s market cap is $256.04 million. Pico Holdings Inc. has a one year low of $7.82 and a one year high of $11.92. The stock’s 50-day moving average price is $11.06 and its 200 day moving average price is $10.10.
Pico Holdings (NASDAQ:PICO) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.15) earnings per share for the quarter. Pico Holdings had a negative return on equity of 2.43% and a negative net margin of 7.51%. The company had revenue of $83.70 million for the quarter, compared to analyst estimates of $35.10 million. Equities research analysts forecast that Pico Holdings Inc. will post ($1.45) EPS for the current year.
Pico Holdings Company Profile
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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