North Star Investment Management Corp. Takes Position in Pure Cycle Corporation $PCYO

North Star Investment Management Corp. purchased a new position in shares of Pure Cycle Corporation (NASDAQ:PCYO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 82,000 shares of the utilities provider’s stock, valued at approximately $825,000. North Star Investment Management Corp. owned approximately 0.34% of Pure Cycle at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Curi Capital LLC boosted its stake in Pure Cycle by 319.5% during the 2nd quarter. Curi Capital LLC now owns 672,048 shares of the utilities provider’s stock valued at $7,204,000 after acquiring an additional 511,837 shares during the last quarter. First Wilshire Securities Management Inc. grew its holdings in Pure Cycle by 130.7% during the 4th quarter. First Wilshire Securities Management Inc. now owns 370,660 shares of the utilities provider’s stock worth $4,074,000 after acquiring an additional 209,993 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of Pure Cycle by 14.3% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 672,927 shares of the utilities provider’s stock worth $7,449,000 after purchasing an additional 84,420 shares during the last quarter. Potomac Capital Management Inc. bought a new stake in shares of Pure Cycle in the 4th quarter worth about $536,000. Finally, Rothschild Wealth LLC bought a new stake in shares of Pure Cycle in the 4th quarter worth about $478,000. Institutional investors own 51.39% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Pure Cycle Price Performance

Shares of PCYO opened at $10.93 on Tuesday. Pure Cycle Corporation has a 52 week low of $9.65 and a 52 week high of $12.44. The company has a current ratio of 1.39, a quick ratio of 0.83 and a debt-to-equity ratio of 0.04. The firm has a market cap of $263.41 million, a price-to-earnings ratio of 18.84 and a beta of 1.24. The stock has a 50 day moving average of $10.88 and a 200-day moving average of $10.94.

Pure Cycle (NASDAQ:PCYO) last posted its quarterly earnings results on Wednesday, April 8th. The utilities provider reported $0.05 earnings per share (EPS) for the quarter. Pure Cycle had a return on equity of 9.75% and a net margin of 45.80%.The business had revenue of $5.17 million for the quarter.

Pure Cycle Profile

Pure Cycle Corporation (NASDAQ:PCYO) is a Colorado-based utility and real estate development company focused on water resource management and land development along the Front Range. The company’s core operations involve the acquisition, treatment and distribution of potable water, as well as the collection and treatment of wastewater, serving suburban and rural communities in the Denver metropolitan area. Pure Cycle holds substantial water rights and operates distribution and treatment facilities under a regulated utility model, providing essential services to residential and commercial customers.

In addition to its water utility business, Pure Cycle engages in real estate development, leveraging its water assets to create fully serviced residential communities.