Pure Cycle (NASDAQ:PCYO) Raised to B- at TheStreet

Pure Cycle (NASDAQ:PCYO) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Friday, TheStreetRatingsTable reports.

PCYO has been the topic of a number of other research reports. ValuEngine cut shares of Pure Cycle from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. BidaskClub upgraded shares of Pure Cycle from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th.

PCYO stock opened at $11.57 on Friday. The firm’s 50-day moving average price is $10.94 and its two-hundred day moving average price is $10.51. Pure Cycle has a 12-month low of $9.20 and a 12-month high of $11.83. The stock has a market capitalization of $272.77 million, a price-to-earnings ratio of 127.33 and a beta of 0.58.

In related news, major shareholder Par Investment Partners Lp sold 2,950,000 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $9.75, for a total transaction of $28,762,500.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Plaisance Capital Llc purchased 5,000 shares of Pure Cycle stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average price of $10.78 per share, for a total transaction of $53,900.00. The disclosure for this purchase can be found here. 5.03% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Smart Money Group LLC purchased a new stake in Pure Cycle in the third quarter worth about $113,000. Perritt Capital Management Inc. purchased a new stake in Pure Cycle in the second quarter worth about $127,000. Bremer Bank National Association grew its holdings in Pure Cycle by 28.0% in the third quarter. Bremer Bank National Association now owns 14,180 shares of the utilities provider’s stock worth $146,000 after purchasing an additional 3,105 shares during the period. Beddow Capital Management Inc. purchased a new stake in Pure Cycle in the second quarter worth about $159,000. Finally, Wall Street Access Asset Management LLC purchased a new stake in Pure Cycle in the second quarter worth about $167,000. Institutional investors own 66.87% of the company’s stock.

Pure Cycle Company 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 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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