Plaisance Capital Llc Acquires 22,506 Shares of Pure Cycle Co. (NASDAQ:PCYO) Stock

Pure Cycle Co. (NASDAQ:PCYO) major shareholder Plaisance Capital Llc acquired 22,506 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were bought at an average cost of $9.86 per share, with a total value of $221,909.16. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Plaisance Capital Llc also recently made the following trade(s):

  • On Tuesday, September 8th, Plaisance Capital Llc purchased 2,494 shares of Pure Cycle stock. The stock was acquired at an average cost of $9.65 per share, with a total value of $24,067.10.
  • On Wednesday, September 2nd, Plaisance Capital Llc purchased 59,390 shares of Pure Cycle stock. The stock was acquired at an average cost of $9.59 per share, with a total value of $569,550.10.

PCYO opened at $10.13 on Wednesday. The stock has a fifty day simple moving average of $9.59 and a two-hundred day simple moving average of $9.82. The company has a market cap of $241.64 million, a price-to-earnings ratio of 29.79 and a beta of 0.51. Pure Cycle Co. has a 12-month low of $7.18 and a 12-month high of $13.83.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings data on Tuesday, July 7th. The utilities provider reported $0.00 earnings per share (EPS) for the quarter. The business had revenue of $1.85 million during the quarter. Pure Cycle had a return on equity of 4.19% and a net margin of 32.75%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Pure Cycle by 22.6% in the second quarter. Vanguard Group Inc. now owns 2,142,786 shares of the utilities provider’s stock worth $19,692,000 after purchasing an additional 394,488 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Pure Cycle by 5.2% during the first quarter. BlackRock Inc. now owns 946,619 shares of the utilities provider’s stock valued at $10,555,000 after acquiring an additional 46,411 shares in the last quarter. State Street Corp increased its holdings in shares of Pure Cycle by 12.8% during the first quarter. State Street Corp now owns 320,429 shares of the utilities provider’s stock valued at $3,573,000 after acquiring an additional 36,325 shares in the last quarter. Epiq Partners LLC increased its holdings in shares of Pure Cycle by 6.0% during the second quarter. Epiq Partners LLC now owns 252,200 shares of the utilities provider’s stock valued at $2,318,000 after acquiring an additional 14,325 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Pure Cycle by 24.0% during the first quarter. Geode Capital Management LLC now owns 251,893 shares of the utilities provider’s stock valued at $2,807,000 after acquiring an additional 48,739 shares in the last quarter. Institutional investors and hedge funds own 68.41% of the company’s stock.

A number of analysts recently commented on PCYO shares. TheStreet raised Pure Cycle from a “c” rating to a “b-” rating in a research note on Thursday, July 16th. ValuEngine raised Pure Cycle from a “hold” rating to a “buy” rating in a research note on Monday, July 20th.

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 Activities. The company offers utility services, including water production, storage, treatment, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services, as well as bulk transmission services to retail distribution systems.

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