Renaissance Technologies LLC Reduces Position in PICO Holdings Inc. (PICO)

Renaissance Technologies LLC decreased its position in shares of PICO Holdings Inc. (NASDAQ:PICO) by 14.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,000 shares of the financial services provider’s stock after selling 24,507 shares during the period. Renaissance Technologies LLC owned about 0.65% of PICO Holdings worth $2,086,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in PICO. AXA bought a new stake in shares of PICO Holdings during the first quarter worth $176,000. American International Group Inc. raised its stake in shares of PICO Holdings by 7.0% in the first quarter. American International Group Inc. now owns 13,453 shares of the financial services provider’s stock worth $188,000 after buying an additional 875 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of PICO Holdings by 49.6% in the first quarter. UBS Asset Management Americas Inc. now owns 16,599 shares of the financial services provider’s stock worth $232,000 after buying an additional 5,500 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of PICO Holdings by 39.1% in the first quarter. JPMorgan Chase & Co. now owns 20,889 shares of the financial services provider’s stock worth $292,000 after buying an additional 5,872 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 $319,000. Institutional investors and hedge funds own 61.56% of the company’s stock.

Shares of PICO Holdings Inc. (NASDAQ:PICO) remained flat at $16.25 during midday trading on Friday. 29,430 shares of the company’s stock were exchanged. PICO Holdings Inc. has a 52 week low of $10.10 and a 52 week high of $17.95. The firm’s 50 day moving average price is $16.82 and its 200-day moving average price is $15.68. The stock’s market capitalization is $375.98 million.

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

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Separately, BidaskClub lowered shares of PICO Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

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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Institutional Ownership by Quarter for PICO Holdings (NASDAQ:PICO)

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