Pico Holdings Inc. (PICO) Sees Large Volume Increase
Pico Holdings Inc. (NASDAQ:PICO) shares saw an uptick in trading volume on Friday . 297,334 shares traded hands 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 market cap is $232.21 million. The company’s 50-day moving average is $9.69 and its 200-day moving average is $9.46.
A hedge fund recently raised its stake in Pico Holdings stock. First Trust Advisors LP increased its position in shares of Pico Holdings Inc. (NASDAQ:PICO) by 112.7% during the fourth quarter, according to its most recent disclosure 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 about 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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