Pure Cycle (NASDAQ:PCYO) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research report issued to clients and investors on Wednesday.
Shares of Pure Cycle (NASDAQ PCYO) traded down $0.05 during trading hours on Wednesday, hitting $8.55. 22,330 shares of the company were exchanged, compared to its average volume of 21,733. The firm has a market cap of $203.10, a P/E ratio of -122.14 and a beta of 1.06. Pure Cycle has a 1-year low of $5.05 and a 1-year high of $8.73.
Several large investors have recently made changes to their positions in the stock. Beacon Investment Advisory Services Inc. acquired a new stake in shares of Pure Cycle in the 3rd quarter valued at approximately $410,000. Trigran Investments Inc. raised its position in shares of Pure Cycle by 1.8% in the 3rd quarter. Trigran Investments Inc. now owns 2,028,795 shares of the utilities provider’s stock valued at $15,216,000 after acquiring an additional 36,257 shares during the period. Adirondack Research & Management Inc. raised its position in shares of Pure Cycle by 73.4% in the 3rd quarter. Adirondack Research & Management Inc. now owns 130,294 shares of the utilities provider’s stock valued at $977,000 after acquiring an additional 55,140 shares during the period. Boston Partners raised its position in shares of Pure Cycle by 14.8% in the 3rd quarter. Boston Partners now owns 681,684 shares of the utilities provider’s stock valued at $5,113,000 after acquiring an additional 87,637 shares during the period. Finally, Hodges Capital Management Inc. raised its position in shares of Pure Cycle by 35.2% in the 3rd quarter. Hodges Capital Management Inc. now owns 200,000 shares of the utilities provider’s stock valued at $1,500,000 after acquiring an additional 52,083 shares during the period. Institutional investors and hedge funds own 67.68% of the company’s stock.
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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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