PICO Holdings Inc. (PICO) Releases Quarterly Earnings Results

PICO Holdings Inc. (NASDAQ:PICO) issued its earnings results on Wednesday, August 9th. The financial services provider reported $0.06 earnings per share for the quarter, Morningstar.com reports. PICO Holdings had a negative net margin of 2.23% and a negative return on equity of 0.68%. The firm had revenue of $8.63 million for the quarter.

Shares of PICO Holdings (NASDAQ:PICO) traded down 0.31% during mid-day trading on Friday, reaching $16.20. 88,252 shares of the company’s stock were exchanged. PICO Holdings has a 52-week low of $10.14 and a 52-week high of $17.95. The firm’s market cap is $374.82 million. The company has a 50 day moving average price of $16.79 and a 200 day moving average price of $15.69.

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

Several large investors have recently made changes to their positions in PICO. Strs Ohio purchased a new stake in shares of PICO Holdings during the second quarter valued at $147,000. Nisa Investment Advisors LLC boosted its stake in shares of PICO Holdings by 8.7% in the second quarter. Nisa Investment Advisors LLC now owns 8,760 shares of the financial services provider’s stock valued at $144,000 after buying an additional 700 shares during the last quarter. AXA purchased a new stake in shares of PICO Holdings during the first quarter valued at $176,000. American International Group Inc. boosted 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 valued at $188,000 after buying an additional 875 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of PICO Holdings during the second quarter valued at $261,000. 61.56% of the stock is owned by institutional investors.

PICO Holdings Company Profile

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.

Earnings History for PICO Holdings (NASDAQ:PICO)

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