Loomis Sayles & Co. L P Sells 18,000 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Loomis Sayles & Co. L P lowered its position in shares of Pure Cycle Co. (NASDAQ:PCYO) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 470,090 shares of the utilities provider’s stock after selling 18,000 shares during the quarter. Loomis Sayles & Co. L P owned about 1.95% of Pure Cycle worth $5,961,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PCYO. SG Americas Securities LLC bought a new stake in shares of Pure Cycle during the 4th quarter valued at about $110,000. Linden Thomas Advisory Services LLC acquired a new position in Pure Cycle in the fourth quarter valued at approximately $148,000. JPMorgan Chase & Co. boosted its holdings in shares of Pure Cycle by 58.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock worth $155,000 after buying an additional 5,305 shares in the last quarter. Barclays PLC grew its position in shares of Pure Cycle by 253.9% during the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock worth $295,000 after buying an additional 19,646 shares during the period. Finally, Avanza Fonder AB bought a new stake in shares of Pure Cycle in the 4th quarter valued at $530,000. 51.39% of the stock is currently owned by institutional investors and hedge funds.

Pure Cycle Stock Performance

Shares of PCYO opened at $10.73 on Friday. Pure Cycle Co. has a one year low of $8.94 and a one year high of $14.63. The company has a market cap of $258.35 million, a PE ratio of 19.51 and a beta of 1.05. The stock has a 50-day moving average of $11.29 and a 200-day moving average of $11.72. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.09.

Pure Cycle (NASDAQ:PCYO) last announced its quarterly earnings data on Wednesday, January 8th. The utilities provider reported $0.16 EPS for the quarter. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Pure Cycle from a “buy” rating to a “hold” rating in a research note on Friday, January 10th.

Pure Cycle Company Profile

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.