PICO Holdings Inc. (NASDAQ:PICO) Raised to “Sell” at BidaskClub

PICO Holdings Inc. (NASDAQ:PICO) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

PICO Holdings (PICO) opened at 16.40 on Friday. The firm’s 50-day moving average is $16.89 and its 200-day moving average is $15.63. PICO Holdings has a 1-year low of $10.14 and a 1-year high of $17.95. The firm’s market capitalization is $379.46 million.

PICO Holdings (NASDAQ:PICO) last posted its earnings results on Wednesday, August 9th. The financial services provider reported $0.06 earnings per share for the quarter. PICO Holdings had a negative net margin of 2.23% and a negative return on equity of 0.68%. The business had revenue of $8.63 million for the quarter. On average, equities analysts anticipate that PICO Holdings will post ($1.45) EPS for the current year.

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Large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of PICO Holdings by 24.7% in the fourth quarter. Renaissance Technologies LLC now owns 173,507 shares of the financial services provider’s stock worth $2,629,000 after buying an additional 34,407 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 worth $16,633,000 after buying an additional 103,772 shares in the last quarter. AXA bought a new stake in shares of PICO Holdings during the first quarter worth approximately $176,000. State Street Corp raised its stake in shares of PICO Holdings by 6.4% in the fourth quarter. State Street Corp now owns 413,701 shares of the financial services provider’s stock worth $6,273,000 after buying an additional 24,826 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of PICO Holdings during the first quarter worth approximately $319,000. 63.19% of the stock is currently owned by hedge funds and other institutional investors.

About PICO Holdings

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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