Pure Cycle Co. (NASDAQ:PCYO) Stock Position Decreased by MYDA Advisors LLC

MYDA Advisors LLC decreased its position in Pure Cycle Co. (NASDAQ:PCYO) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 180,000 shares of the utilities provider’s stock after selling 40,000 shares during the quarter. MYDA Advisors LLC owned about 0.75% of Pure Cycle worth $2,282,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Pure Cycle in the fourth quarter worth approximately $110,000. Linden Thomas Advisory Services LLC acquired a new position in Pure Cycle during the fourth quarter worth $148,000. Wells Fargo & Company MN increased its position in Pure Cycle by 23.8% during the fourth quarter. Wells Fargo & Company MN now owns 12,191 shares of the utilities provider’s stock worth $155,000 after buying an additional 2,343 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Pure Cycle by 58.6% during the third quarter. JPMorgan Chase & Co. now owns 14,359 shares of the utilities provider’s stock valued at $155,000 after buying an additional 5,305 shares in the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Pure Cycle in the fourth quarter worth about $225,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

Analyst Ratings Changes

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

Pure Cycle Trading Down 0.4 %

NASDAQ:PCYO opened at $9.96 on Friday. The company has a quick ratio of 3.09, a current ratio of 3.56 and a debt-to-equity ratio of 0.05. The company’s 50 day moving average is $10.85 and its 200-day moving average is $11.68. The firm has a market cap of $239.80 million, a price-to-earnings ratio of 18.11 and a beta of 1.10. Pure Cycle Co. has a 12 month low of $8.94 and a 12 month high of $14.63.

Pure Cycle (NASDAQ:PCYO) last announced its earnings results on Wednesday, April 9th. The utilities provider reported $0.03 EPS for the quarter. Pure Cycle had a net margin of 46.32% and a return on equity of 10.54%. The firm had revenue of $4.00 million for the quarter.

Pure Cycle 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.