Pure Cycle (NASDAQ:PCYO) Shares Pass Above 200 Day Moving Average – Time to Sell?
by Kim Johansen · The Markets DailyPure Cycle Corporation (NASDAQ:PCYO – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.87 and traded as high as $11.93. Pure Cycle shares last traded at $11.83, with a volume of 45,452 shares traded.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Pure Cycle in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on PCYO
Pure Cycle Price Performance
The stock has a market capitalization of $284.98 million, a P/E ratio of 21.13 and a beta of 1.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.75 and a current ratio of 2.29. The firm has a 50-day moving average price of $11.34 and a 200 day moving average price of $10.87.
Pure Cycle (NASDAQ:PCYO – Get Free Report) last issued its earnings results on Wednesday, January 7th. The utilities provider reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $9.14 million during the quarter. Pure Cycle had a return on equity of 9.79% and a net margin of 46.62%.
Insider Activity at Pure Cycle
In other news, Director Daniel R. Kozlowski sold 68,778 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $11.01, for a total value of $757,245.78. Following the completion of the sale, the director owned 2,600,000 shares of the company’s stock, valued at approximately $28,626,000. The trade was a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.10% of the company’s stock.
Hedge Funds Weigh In On Pure Cycle
Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in Pure Cycle by 39.0% in the first quarter. Goldman Sachs Group Inc. now owns 131,836 shares of the utilities provider’s stock valued at $1,380,000 after purchasing an additional 37,018 shares during the last quarter. Jane Street Group LLC bought a new stake in Pure Cycle during the 1st quarter valued at $201,000. Leo Wealth LLC bought a new stake in Pure Cycle during the 2nd quarter valued at $239,000. NorthRock Partners LLC purchased a new stake in Pure Cycle during the 2nd quarter valued at $108,000. Finally, Los Angeles Capital Management LLC grew its holdings in Pure Cycle by 79.0% in the 2nd quarter. Los Angeles Capital Management LLC now owns 32,950 shares of the utilities provider’s stock worth $353,000 after acquiring an additional 14,540 shares during the last quarter. 51.39% of the stock is owned by hedge funds and other institutional investors.
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.