Sapient Capital LLC Has $9.03 Million Holdings in Pure Cycle Co. (NASDAQ:PCYO)

Sapient Capital LLC decreased its holdings in shares of Pure Cycle Co. (NASDAQ:PCYO) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 712,308 shares of the utilities provider’s stock after selling 43,410 shares during the quarter. Sapient Capital LLC owned 2.96% of Pure Cycle worth $9,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PCYO. SG Americas Securities LLC bought a new stake in shares of Pure Cycle during the 4th quarter valued at approximately $110,000. The Manufacturers Life Insurance Company grew its stake in shares of Pure Cycle by 16.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,701 shares of the utilities provider’s stock worth $112,000 after buying an additional 1,671 shares during the last quarter. Linden Thomas Advisory Services LLC bought a new stake in shares of Pure Cycle during the fourth quarter worth $148,000. JPMorgan Chase & Co. increased its holdings in shares of Pure Cycle by 58.6% during the third 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. Finally, Barclays PLC lifted its stake in shares of Pure Cycle by 253.9% in the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 19,646 shares during the last quarter. Institutional investors own 51.39% of the company’s stock.

Insider Buying and Selling

In other Pure Cycle news, Director Daniel R. Kozlowski sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the sale, the director now owns 2,668,778 shares of the company’s stock, valued at approximately $34,960,991.80. This represents a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.20% of the stock is owned by corporate insiders.

Pure Cycle Stock Performance

Pure Cycle stock opened at $11.57 on Tuesday. The business has a 50 day moving average of $12.41 and a 200-day moving average of $11.50. 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 Co. has a 1 year low of $8.94 and a 1 year high of $14.63. The company has a market capitalization of $278.61 million, a P/E ratio of 21.04 and a beta of 1.02.

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

Wall Street Analyst Weigh In

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

Pure Cycle 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.