Pure Cycle Co. (NASDAQ:PCYO) is Magnolia Group LLC’s 9th Largest Position

Magnolia Group LLC grew its stake in Pure Cycle Co. (NASDAQ:PCYO) by 7.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,071,911 shares of the utilities provider’s stock after purchasing an additional 135,985 shares during the period. Pure Cycle accounts for 3.0% of Magnolia Group LLC’s portfolio, making the stock its 9th biggest position. Magnolia Group LLC owned approximately 0.09% of Pure Cycle worth $19,787,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in Pure Cycle in the first quarter valued at approximately $30,000. EntryPoint Capital LLC purchased a new stake in Pure Cycle in the 1st quarter valued at $103,000. State Board of Administration of Florida Retirement System acquired a new stake in Pure Cycle during the 1st quarter worth $173,000. Los Angeles Capital Management LLC grew its position in Pure Cycle by 7.0% during the 2nd quarter. Los Angeles Capital Management LLC now owns 28,830 shares of the utilities provider’s stock worth $275,000 after purchasing an additional 1,890 shares during the last quarter. Finally, Rhumbline Advisers grew its position in Pure Cycle by 24.0% during the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock worth $316,000 after purchasing an additional 6,398 shares during the last quarter. 51.39% of the stock is owned by hedge funds and other institutional investors.

Pure Cycle Stock Performance

Shares of NASDAQ:PCYO traded down $0.08 on Friday, reaching $9.85. The company’s stock had a trading volume of 19,395 shares, compared to its average volume of 55,217. Pure Cycle Co. has a 52-week low of $8.94 and a 52-week high of $11.18. The stock has a market capitalization of $237.14 million, a P/E ratio of 39.40 and a beta of 0.92. The stock’s 50-day moving average is $10.15 and its two-hundred day moving average is $9.73. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 3.56.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings data on Wednesday, July 10th. The utilities provider reported $0.12 EPS for the quarter. Pure Cycle had a return on equity of 5.07% and a net margin of 31.00%. The firm had revenue of $7.60 million during the quarter.

About Pure Cycle

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.