Bank of New York Mellon Corp Raises Stake in Pico Holdings Inc. (PICO)
Bank of New York Mellon Corp increased its position in Pico Holdings Inc. (NASDAQ:PICO) by 9.9% during the second quarter, Holdings Channel reports. The firm owned 99,659 shares of the company’s stock after buying an additional 8,959 shares during the period. Bank of New York Mellon Corp owned 0.43% of Pico Holdings worth $943,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boothbay Fund Management LLC increased its position 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 in the last quarter. Geode Capital Management LLC increased its position in Pico Holdings by 0.9% in the first quarter. Geode Capital Management LLC now owns 154,451 shares of the company’s stock valued at $1,580,000 after buying an additional 1,368 shares in the last quarter. Robotti Robert increased its position in Pico Holdings by 2.9% in the first quarter. Robotti Robert now owns 214,550 shares of the company’s stock valued at $2,195,000 after buying an additional 6,065 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in Pico Holdings during the second quarter valued at about $6,702,000. 79.41% of the stock is owned by hedge funds and other institutional investors.
Pico Holdings Inc. (NASDAQ:PICO) traded up 3.66% on Friday, hitting $12.47. The stock had a trading volume of 213,021 shares. Pico Holdings Inc. has a 1-year low of $7.82 and a 1-year high of $12.60. The company has a 50-day moving average price of $11.11 and a 200-day moving average price of $10.15. The stock’s market capitalization is $287.38 million.
Pico Holdings (NASDAQ:PICO) last posted its earnings results on Monday, August 8th. The company reported ($0.15) earnings per share for the quarter. The company had revenue of $83.70 million for the quarter, compared to analysts’ expectations of $35.10 million. Pico Holdings had a negative net margin of 7.51% and a negative return on equity of 2.43%. Equities analysts predict that Pico Holdings Inc. will post ($1.45) earnings per share for the current year.
About Pico Holdings
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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