Pure Cycle (NASDAQ:PCYO) Issues Earnings Results

Pure Cycle (NASDAQ:PCYO) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.19 EPS for the quarter, FiscalAI reports. Pure Cycle had a net margin of 50.26% and a return on equity of 9.58%. The business had revenue of $9.14 million during the quarter.

Pure Cycle Trading Down 0.8%

NASDAQ PCYO traded down $0.09 during trading hours on Wednesday, reaching $10.72. The company’s stock had a trading volume of 27,766 shares, compared to its average volume of 34,906. The firm has a fifty day simple moving average of $11.22 and a 200-day simple moving average of $10.81. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.72 and a quick ratio of 2.09. Pure Cycle has a 52 week low of $9.65 and a 52 week high of $12.25. The stock has a market cap of $258.12 million, a P/E ratio of 20.22 and a beta of 1.35.

Insider Transactions at Pure Cycle

In other news, Director Daniel R. Kozlowski sold 68,778 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $11.01, for a total transaction of $757,245.78. Following the completion of the transaction, the director owned 2,600,000 shares of the company’s stock, valued at approximately $28,626,000. This trade represents a 2.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its stake in shares of Pure Cycle by 39.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 131,836 shares of the utilities provider’s stock valued at $1,380,000 after buying an additional 37,018 shares during the period. Jane Street Group LLC acquired a new stake in Pure Cycle in the first quarter valued at approximately $201,000. Strs Ohio acquired a new stake in Pure Cycle in the first quarter valued at approximately $451,000. Beacon Investment Advisory Services Inc. raised its position in shares of Pure Cycle by 7.6% during the second quarter. Beacon Investment Advisory Services Inc. now owns 14,166 shares of the utilities provider’s stock worth $152,000 after purchasing an additional 1,000 shares during the period. Finally, EdgeRock Capital LLC bought a new position in shares of Pure Cycle in the 2nd quarter worth $336,000. 51.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on PCYO. Wall Street Zen upgraded Pure Cycle from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Pure Cycle in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Pure Cycle presently has an average rating of “Hold”.

Pure Cycle Company 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.