Pure Cycle Corporation $PCYO is Magnolia Group LLC’s 8th Largest Position

Magnolia Group LLC lowered its position in Pure Cycle Corporation (NASDAQ:PCYO) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,013,106 shares of the utilities provider’s stock after selling 70,302 shares during the quarter. Pure Cycle makes up about 3.6% of Magnolia Group LLC’s holdings, making the stock its 8th biggest holding. Magnolia Group LLC owned about 8.36% of Pure Cycle worth $22,124,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in Pure Cycle during the 3rd quarter worth about $780,000. ArrowMark Colorado Holdings LLC lifted its holdings in Pure Cycle by 14.3% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 672,927 shares of the utilities provider’s stock worth $7,449,000 after buying an additional 84,420 shares during the last quarter. Epiq Partners LLC lifted its holdings in Pure Cycle by 1.4% during the 3rd quarter. Epiq Partners LLC now owns 259,244 shares of the utilities provider’s stock worth $2,870,000 after buying an additional 3,704 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Pure Cycle by 97.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,167 shares of the utilities provider’s stock worth $135,000 after buying an additional 5,998 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in Pure Cycle by 14.5% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 79,413 shares of the utilities provider’s stock worth $879,000 after buying an additional 10,055 shares during the last quarter. 51.39% of the stock is owned by hedge funds and other institutional investors.

Pure Cycle Stock Down 0.5%

Shares of NASDAQ:PCYO opened at $11.62 on Friday. The company has a market capitalization of $280.04 million, a PE ratio of 20.03 and a beta of 1.29. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04. Pure Cycle Corporation has a twelve month low of $9.65 and a twelve month high of $12.15. The firm has a 50 day simple moving average of $10.75 and a 200-day simple moving average of $11.06.

Pure Cycle (NASDAQ:PCYO) last issued its quarterly earnings data on Wednesday, April 8th. The utilities provider reported $0.05 earnings per share for the quarter. Pure Cycle had a net margin of 45.80% and a return on equity of 9.75%. The business had revenue of $5.17 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Pure Cycle in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Pure Cycle

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.