BidaskClub lowered shares of PICO Holdings Inc. (NASDAQ:PICO) from a sell rating to a strong sell rating in a report published on Thursday morning.

Shares of PICO Holdings (NASDAQ PICO) traded down 0.60% on Thursday, reaching $16.55. The company’s stock had a trading volume of 56,483 shares. The company’s 50 day moving average is $16.94 and its 200-day moving average is $15.54. PICO Holdings has a 1-year low of $9.64 and a 1-year high of $17.95. The firm’s market cap is $381.97 million.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its stake in PICO Holdings by 6.4% in the fourth quarter. State Street Corp now owns 413,701 shares of the financial services provider’s stock valued at $6,273,000 after buying an additional 24,826 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in PICO Holdings by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,097,865 shares of the financial services provider’s stock valued at $16,633,000 after buying an additional 103,772 shares in the last quarter. Renaissance Technologies LLC raised its stake in PICO Holdings by 24.7% in the fourth quarter. Renaissance Technologies LLC now owns 173,507 shares of the financial services provider’s stock valued at $2,629,000 after buying an additional 34,407 shares in the last quarter. Teachers Advisors LLC raised its stake in PICO Holdings by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 53,976 shares of the financial services provider’s stock valued at $818,000 after buying an additional 2,047 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in PICO Holdings by 22.0% in the first quarter. Russell Investments Group Ltd. now owns 114,820 shares of the financial services provider’s stock valued at $1,608,000 after buying an additional 20,694 shares in the last quarter. 63.15% of the stock is owned by hedge funds and other institutional investors.

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. Its subsidiary, Vidler Water Company, Inc (Vidler), owns 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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