BidaskClub cut shares of PICO Holdings Inc. (NASDAQ:PICO) from a hold rating to a sell rating in a report published on Tuesday.

Shares of PICO Holdings (NASDAQ PICO) traded down 1.49% on Tuesday, reaching $16.55. 65,621 shares of the company were exchanged. PICO Holdings has a 52-week low of $9.60 and a 52-week high of $17.95. The company’s market capitalization is $381.97 million. The stock has a 50 day moving average of $17.01 and a 200-day moving average of $15.52.

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A number of hedge funds and other institutional investors have recently modified their holdings of PICO. Strs Ohio bought a new position in shares of PICO Holdings during the second quarter valued at $147,000. Nisa Investment Advisors LLC raised its position in shares of 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 last quarter. AXA bought a new position in shares of PICO Holdings during the first quarter valued at $176,000. American International Group Inc. raised its position in shares of 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 last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of 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 last quarter. Institutional investors own 63.30% of the company’s stock.

PICO Holdings Company Profile

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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