Magnolia Group LLC Sells 98,547 Shares of Pure Cycle Corporation $PCYO

Magnolia Group LLC trimmed its holdings in Pure Cycle Corporation (NASDAQ:PCYO) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,914,559 shares of the utilities provider’s stock after selling 98,547 shares during the quarter. Pure Cycle makes up about 3.6% of Magnolia Group LLC’s holdings, making the stock its 7th biggest position. Magnolia Group LLC owned 7.94% of Pure Cycle worth $19,260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of 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 worth $7,204,000 after purchasing an additional 511,837 shares during the period. First Wilshire Securities Management Inc. raised its holdings in shares of Pure Cycle by 130.7% in the fourth quarter. First Wilshire Securities Management Inc. now owns 370,660 shares of the utilities provider’s stock valued at $4,074,000 after buying an additional 209,993 shares during the last quarter. ArrowMark Colorado Holdings LLC raised its holdings in shares of Pure Cycle by 14.3% in the third quarter. ArrowMark Colorado Holdings LLC now owns 672,927 shares of the utilities provider’s stock valued at $7,449,000 after buying an additional 84,420 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Pure Cycle during the first quarter worth about $825,000. Finally, Potomac Capital Management Inc. acquired a new stake in shares of Pure Cycle during the fourth quarter worth about $536,000. Hedge funds and other institutional investors own 51.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, May 22nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Pure Cycle Price Performance

Pure Cycle stock opened at $10.81 on Friday. Pure Cycle Corporation has a 12 month low of $9.65 and a 12 month high of $12.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.39 and a quick ratio of 0.83. The business has a 50 day simple moving average of $10.84 and a 200-day simple moving average of $10.92. The stock has a market capitalization of $260.52 million, a PE ratio of 18.64 and a beta of 1.23.

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

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.