Pure Cycle (NASDAQ:PCYO) Releases Quarterly Earnings Results

Pure Cycle (NASDAQ:PCYO) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.12 EPS for the quarter, FiscalAI reports. The company had revenue of $8.22 million for the quarter. Pure Cycle had a return on equity of 9.75% and a net margin of 45.80%.

Pure Cycle Stock Down 0.1%

NASDAQ PCYO opened at $10.64 on Thursday. The business has a fifty day moving average price of $10.78 and a two-hundred day moving average price of $10.89. The stock has a market capitalization of $256.42 million, a PE ratio of 18.34 and a beta of 1.23. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.39 and a quick ratio of 0.83. Pure Cycle has a fifty-two week low of $9.65 and a fifty-two week high of $12.44.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its stake in shares of Pure Cycle by 143.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,634 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 1,552 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Pure Cycle by 64.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,878 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 1,513 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Pure Cycle by 11,145.1% in the 2nd quarter. Lazard Asset Management LLC now owns 5,735 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 5,684 shares during the last quarter. Parallel Advisors LLC acquired a new stake in Pure Cycle in the first quarter valued at approximately $111,000. Finally, JPMorgan Chase & Co. boosted its position in Pure Cycle by 16.1% in the third quarter. JPMorgan Chase & Co. now owns 10,984 shares of the utilities provider’s stock valued at $122,000 after buying an additional 1,521 shares in the last quarter. Institutional investors and hedge funds own 51.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Pure Cycle from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold”.

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.