NFC Investments LLC Has $7.95 Million Position in PICO Holdings Inc. (PICO)
NFC Investments LLC increased its stake in PICO Holdings Inc. (NASDAQ:PICO) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 454,204 shares of the financial services provider’s stock after buying an additional 10,000 shares during the quarter. PICO Holdings comprises approximately 2.8% of NFC Investments LLC’s holdings, making the stock its 18th largest holding. NFC Investments LLC owned approximately 1.96% of PICO Holdings worth $7,949,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in PICO Holdings by 5.6% in the first quarter. Vanguard Group Inc. now owns 938,775 shares of the financial services provider’s stock worth $13,143,000 after buying an additional 49,743 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of PICO Holdings by 5.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 96,195 shares of the financial services provider’s stock worth $1,347,000 after purchasing an additional 5,301 shares during the last quarter. AXA bought a new stake in shares of PICO Holdings during the first quarter worth $176,000. Royce & Associates LP lifted its position in shares of PICO Holdings by 2.3% during the second quarter. Royce & Associates LP now owns 1,409,489 shares of the financial services provider’s stock worth $24,666,000 after purchasing an additional 32,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of PICO Holdings by 4.5% during the first quarter. Bank of New York Mellon Corp now owns 116,297 shares of the financial services provider’s stock worth $1,628,000 after purchasing an additional 5,047 shares during the last quarter. Institutional investors own 71.14% of the company’s stock.
Several analysts have recently weighed in on the company. ValuEngine downgraded PICO Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub upgraded PICO Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th.
PICO Holdings Inc. (NASDAQ:PICO) traded down 1.34% during mid-day trading on Friday, hitting $18.35. The stock had a trading volume of 123,112 shares. The company’s market cap is $424.56 million. PICO Holdings Inc. has a one year low of $10.51 and a one year high of $18.65. The firm’s 50-day moving average price is $16.67 and its 200 day moving average price is $16.38.
PICO Holdings (NASDAQ:PICO) last announced its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.06 EPS for the quarter. PICO Holdings had a negative return on equity of 0.68% and a negative net margin of 2.23%. The business had revenue of $8.63 million for the quarter. On average, equities research analysts anticipate that PICO Holdings Inc. will post ($1.45) EPS for the current year.
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About PICO Holdings
PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. Its subsidiary, Vidler Water Company, Inc (Vidler), owns water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.
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