Pure Cycle Co. (NASDAQ:PCYO) Shares Acquired by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC increased its position in Pure Cycle Co. (NASDAQ:PCYO) by 142.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,990 shares of the utilities provider’s stock after buying an additional 1,759 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Pure Cycle were worth $31,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PCYO. Jackson Hole Capital Partners LLC acquired a new position in shares of Pure Cycle in the third quarter worth about $132,000. Skylands Capital LLC increased its holdings in Pure Cycle by 6.2% during the 3rd quarter. Skylands Capital LLC now owns 20,702 shares of the utilities provider’s stock worth $199,000 after purchasing an additional 1,202 shares during the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Pure Cycle in the 3rd quarter valued at approximately $215,000. Quadrature Capital Ltd acquired a new stake in shares of Pure Cycle during the third quarter worth approximately $237,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Pure Cycle by 17.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,447 shares of the utilities provider’s stock worth $244,000 after buying an additional 3,872 shares during the last quarter. 51.39% of the stock is owned by institutional investors and hedge funds.

Pure Cycle Stock Up 1.3 %

NASDAQ:PCYO traded up $0.13 during mid-day trading on Friday, reaching $9.91. The stock had a trading volume of 50,829 shares, compared to its average volume of 63,422. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 3.56. The company has a market capitalization of $238.72 million, a price-to-earnings ratio of 36.70 and a beta of 0.96. Pure Cycle Co. has a 1-year low of $9.10 and a 1-year high of $13.07. The stock’s 50 day simple moving average is $9.59 and its two-hundred day simple moving average is $9.88.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Pure Cycle from a “hold” rating to a “sell” rating in a research note on Friday, April 12th.

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.