Bard Associates Inc. Buys 4,848 Shares of Pure Cycle Co. (NASDAQ:PCYO)

Bard Associates Inc. increased its stake in shares of Pure Cycle Co. (NASDAQ:PCYO) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 369,843 shares of the utilities provider’s stock after acquiring an additional 4,848 shares during the period. Pure Cycle accounts for about 1.6% of Bard Associates Inc.’s holdings, making the stock its 12th largest position. Bard Associates Inc. owned about 1.54% of Pure Cycle worth $4,690,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its position in Pure Cycle by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock worth $631,000 after acquiring an additional 3,050 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Pure Cycle by 58.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock worth $155,000 after purchasing an additional 5,305 shares during the last quarter. SG Americas Securities LLC bought a new stake in Pure Cycle during the 4th quarter valued at approximately $110,000. State Street Corp grew its holdings in Pure Cycle by 2.5% in the 3rd quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock valued at $4,441,000 after buying an additional 10,124 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC bought a new position in Pure Cycle in the 4th quarter worth approximately $148,000. 51.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Pure Cycle from a “buy” rating to a “hold” rating in a research report on Friday, January 10th.

Pure Cycle Stock Performance

NASDAQ PCYO opened at $11.61 on Tuesday. The company’s fifty day moving average is $11.84 and its two-hundred day moving average is $11.66. Pure Cycle Co. has a 52-week low of $8.94 and a 52-week high of $14.63. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.56 and a quick ratio of 3.09. The firm has a market capitalization of $279.53 million, a price-to-earnings ratio of 21.11 and a beta of 1.02.

Pure Cycle (NASDAQ:PCYO) last released its earnings results on Wednesday, January 8th. The utilities provider reported $0.16 earnings per share for the quarter. Pure Cycle had a return on equity of 10.54% and a net margin of 46.32%.

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. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.