Tealwood Asset Management Inc. Has $2.16 Million Holdings in Pure Cycle Corporation $PCYO

Tealwood Asset Management Inc. lifted its position in Pure Cycle Corporation (NASDAQ:PCYO) by 75.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 195,146 shares of the utilities provider’s stock after acquiring an additional 83,614 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Pure Cycle were worth $2,160,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in Pure Cycle during the 1st quarter valued at $885,000. First Manhattan CO. LLC. raised its position in Pure Cycle by 2.7% during the first quarter. First Manhattan CO. LLC. now owns 60,225 shares of the utilities provider’s stock valued at $631,000 after buying an additional 1,600 shares during the period. Goldman Sachs Group Inc. raised its position in Pure Cycle by 39.0% during the first quarter. Goldman Sachs Group Inc. now owns 131,836 shares of the utilities provider’s stock valued at $1,380,000 after buying an additional 37,018 shares during the period. Jane Street Group LLC purchased a new stake in Pure Cycle in the 1st quarter worth about $201,000. Finally, Strs Ohio acquired a new stake in Pure Cycle during the 1st quarter worth about $451,000. 51.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Pure Cycle

In related news, Director Daniel R. Kozlowski sold 68,778 shares of Pure Cycle stock in a transaction on Monday, November 17th. The shares were sold at an average price of $11.01, for a total value of $757,245.78. Following the completion of the sale, the director owned 2,600,000 shares of the company’s stock, valued at approximately $28,626,000. The trade was a 2.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.10% of the company’s stock.

Pure Cycle Trading Up 0.5%

Shares of NASDAQ PCYO opened at $11.09 on Friday. The business has a 50 day simple moving average of $11.23 and a 200 day simple moving average of $10.77. Pure Cycle Corporation has a 52 week low of $9.65 and a 52 week high of $12.97. The stock has a market cap of $267.17 million, a price-to-earnings ratio of 20.92 and a beta of 1.38. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.09 and a current ratio of 2.72.

Pure Cycle (NASDAQ:PCYO) last posted its earnings results on Wednesday, November 12th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $11.20 million during the quarter. Pure Cycle had a net margin of 50.26% and a return on equity of 9.58%.

Wall Street Analysts Forecast Growth

PCYO has been the topic of a number of research reports. Wall Street Zen upgraded Pure Cycle from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pure Cycle in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Pure Cycle Profile

Pure Cycle Corporation (NASDAQ:PCYO) is a Colorado-based utility and real estate development company focused on water resource management and land development along the Front Range. The company’s core operations involve the acquisition, treatment and distribution of potable water, as well as the collection and treatment of wastewater, serving suburban and rural communities in the Denver metropolitan area. Pure Cycle holds substantial water rights and operates distribution and treatment facilities under a regulated utility model, providing essential services to residential and commercial customers.

In addition to its water utility business, Pure Cycle engages in real estate development, leveraging its water assets to create fully serviced residential communities.