PICO Holdings Inc. (PICO) Posts Earnings Results
PICO Holdings Inc. (NASDAQ:PICO) posted its earnings results on Wednesday. The financial services provider reported $0.06 EPS for the quarter, Morningstar.com reports. PICO Holdings had a negative return on equity of 1.79% and a negative net margin of 3.26%.
PICO Holdings (PICO) traded down 0.30% during trading on Thursday, hitting $16.75. The company had a trading volume of 328 shares. PICO Holdings has a 12 month low of $10.10 and a 12 month high of $17.95. The company’s 50 day moving average price is $16.91 and its 200-day moving average price is $15.61. The company’s market cap is $386.59 million.
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A number of large investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its stake in PICO Holdings by 8.7% in the second quarter. Nisa Investment Advisors LLC now owns 8,760 shares of the financial services provider’s stock valued at $144,000 after buying an additional 700 shares during the period. Strs Ohio acquired a new stake in PICO Holdings during the second quarter valued at $147,000. AXA acquired a new stake in PICO Holdings during the first quarter valued at $176,000. American International Group Inc. raised its stake in PICO Holdings by 7.0% in the first quarter. American International Group Inc. now owns 13,453 shares of the financial services provider’s stock valued at $188,000 after buying an additional 875 shares during the period. Finally, UBS Asset Management Americas Inc. raised its stake in PICO Holdings by 49.6% in the first quarter. UBS Asset Management Americas Inc. now owns 16,599 shares of the financial services provider’s stock valued at $232,000 after buying an additional 5,500 shares during the period. Hedge funds and other institutional investors own 63.19% of the company’s stock.
Separately, BidaskClub cut PICO Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.
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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