Pico (PICO) Downgraded to “D+” at TheStreet

TheStreet cut shares of Pico (NASDAQ:PICO) from a c- rating to a d+ rating in a research note published on Thursday morning.

Separately, BidaskClub upgraded shares of Pico from a sell rating to a hold rating in a research report on Thursday, August 16th.

NASDAQ PICO traded up $0.32 on Thursday, hitting $10.03. 70,713 shares of the stock were exchanged, compared to its average volume of 83,760. Pico has a 52-week low of $9.59 and a 52-week high of $18.19.

A number of hedge funds and other institutional investors have recently bought and sold shares of PICO. First Foundation Advisors boosted its stake in shares of Pico by 1.5% during the 3rd quarter. First Foundation Advisors now owns 995,389 shares of the financial services provider’s stock valued at $12,492,000 after buying an additional 14,600 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Pico by 40.0% during the 2nd quarter. Renaissance Technologies LLC now owns 249,000 shares of the financial services provider’s stock valued at $2,901,000 after buying an additional 71,100 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Pico by 14.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 122,427 shares of the financial services provider’s stock valued at $1,427,000 after buying an additional 15,119 shares during the period. Raymond James & Associates boosted its stake in shares of Pico by 5.8% during the 2nd quarter. Raymond James & Associates now owns 99,149 shares of the financial services provider’s stock valued at $1,155,000 after buying an additional 5,415 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in shares of Pico during the 3rd quarter valued at $279,000. Hedge funds and other institutional investors own 71.85% of the company’s stock.

About Pico

PICO Holdings, Inc engages in the water resource and water storage activities in the southwestern United States. It engages in selling its water rights and storage credits in Arizona, Colorado, Nevada, and New Mexico. The Company sells its water rights to real estate developers, power generating facilities, or other commercial and industrial users, as well as to water utilities, municipalities, and other government agencies; and sells its stored water to state agencies, commercial developers, or municipalities for their commercial projects or communities.

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