Magnolia Group LLC grew its position in Pure Cycle Co. (NASDAQ:PCYO – Free Report) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,071,911 shares of the utilities provider’s stock after acquiring an additional 135,985 shares during the period. Pure Cycle accounts for 3.0% of Magnolia Group LLC’s portfolio, making the stock its 9th largest holding. Magnolia Group LLC owned about 8.60% of Pure Cycle worth $19,787,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its holdings in Pure Cycle by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 1,058,312 shares of the utilities provider’s stock worth $10,054,000 after acquiring an additional 22,748 shares during the last quarter. Epiq Partners LLC increased its holdings in shares of Pure Cycle by 0.6% in the second quarter. Epiq Partners LLC now owns 371,965 shares of the utilities provider’s stock valued at $3,552,000 after purchasing an additional 2,350 shares in the last quarter. Bank of New York Mellon Corp raised its position in Pure Cycle by 20.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 94,311 shares of the utilities provider’s stock worth $901,000 after purchasing an additional 15,759 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Pure Cycle by 19.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,590 shares of the utilities provider’s stock worth $348,000 after buying an additional 5,994 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Pure Cycle by 24.0% in the 2nd quarter. Rhumbline Advisers now owns 33,088 shares of the utilities provider’s stock valued at $316,000 after buying an additional 6,398 shares during the last quarter. 51.39% of the stock is owned by institutional investors and hedge funds.
Pure Cycle Trading Down 0.8 %
Shares of NASDAQ PCYO traded down $0.08 during midday trading on Friday, hitting $9.85. The stock had a trading volume of 19,395 shares, compared to its average volume of 55,217. The firm has a market cap of $237.14 million, a P/E ratio of 39.40 and a beta of 0.92. Pure Cycle Co. has a fifty-two week low of $8.94 and a fifty-two week high of $11.18. 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’s 50-day simple moving average is $10.15 and its 200 day simple moving average is $9.73.
Pure Cycle (NASDAQ:PCYO – Get Free Report) last announced its quarterly earnings data on Wednesday, July 10th. The utilities provider reported $0.12 EPS for the quarter. Pure Cycle had a return on equity of 5.07% and a net margin of 31.00%. The firm had revenue of $7.60 million during the quarter.
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.