TheStreet upgraded shares of Pure Cycle Co. (NASDAQ:PCYO) from a d+ rating to a c rating in a research report sent to investors on Thursday, April 13th.
A number of other equities analysts have also recently commented on the company. Feltl & Co. reissued a buy rating on shares of Pure Cycle in a report on Wednesday, April 12th. Zacks Investment Research cut Pure Cycle from a buy rating to a hold rating in a report on Tuesday, March 14th.
Shares of Pure Cycle (NASDAQ:PCYO) opened at 7.65 on Thursday. Pure Cycle has a 52 week low of $4.34 and a 52 week high of $8.10. The company’s 50-day moving average price is $6.57 and its 200 day moving average price is $5.55. The company’s market cap is $181.72 million.
Pure Cycle (NASDAQ:PCYO) last issued its quarterly earnings results on Monday, April 10th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). Pure Cycle had a negative return on equity of 2.05% and a negative net margin of 291.23%. The company had revenue of $0.24 million for the quarter, compared to the consensus estimate of $0.31 million. Equities research analysts anticipate that Pure Cycle will post ($0.06) earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of PCYO. Parametric Portfolio Associates LLC bought a new stake in Pure Cycle during the first quarter valued at approximately $156,000. Renaissance Technologies LLC boosted its stake in Pure Cycle by 10.5% in the first quarter. Renaissance Technologies LLC now owns 62,100 shares of the utilities provider’s stock valued at $345,000 after buying an additional 5,900 shares in the last quarter. Geode Capital Management LLC boosted its stake in Pure Cycle by 0.3% in the first quarter. Geode Capital Management LLC now owns 97,771 shares of the utilities provider’s stock valued at $542,000 after buying an additional 252 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake in Pure Cycle by 1.0% in the first quarter. Clear Harbor Asset Management LLC now owns 102,561 shares of the utilities provider’s stock valued at $569,000 after buying an additional 1,000 shares in the last quarter. Finally, Bard Associates Inc. boosted its stake in Pure Cycle by 6.7% in the first quarter. Bard Associates Inc. now owns 108,400 shares of the utilities provider’s stock valued at $602,000 after buying an additional 6,800 shares in the last quarter. 65.94% of the stock is owned by hedge funds and other institutional investors.
Pure Cycle Company Profile
Pure Cycle Corporation is an integrated water company that provides wholesale water and wastewater services. The Company provides its services to wholesale customers, which include industrial customers and local governmental entities that provide water and wastewater services to their end-use customers located in the Denver, Colorado metropolitan area.
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