Bank of New York Mellon Corp reduced its position in shares of PICO Holdings Inc. (NASDAQ:PICO) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,504 shares of the financial services provider’s stock after selling 2,793 shares during the period. Bank of New York Mellon Corp owned 0.49% of PICO Holdings worth $1,986,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. lifted its position in shares of PICO Holdings by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 96,784 shares of the financial services provider’s stock valued at $1,694,000 after purchasing an additional 589 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of PICO Holdings by 8.7% during the second quarter. Nisa Investment Advisors LLC now owns 8,760 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 700 shares in the last quarter. American International Group Inc. lifted its position in shares of PICO Holdings by 7.0% during the first quarter. American International Group Inc. now owns 13,453 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 875 shares in the last quarter. Sei Investments Co. lifted its position in shares of PICO Holdings by 3.1% during the second quarter. Sei Investments Co. now owns 37,195 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 1,117 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its position in shares of PICO Holdings by 49.6% during 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 purchasing an additional 5,500 shares in the last quarter. 71.14% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on PICO. BidaskClub lowered shares of PICO Holdings from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. ValuEngine lowered shares of PICO Holdings from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

Shares of PICO Holdings Inc. (NASDAQ:PICO) opened at 18.40 on Monday. The firm has a 50-day moving average of $17.01 and a 200 day moving average of $16.58. PICO Holdings Inc. has a 12 month low of $11.91 and a 12 month high of $18.65. The company’s market cap is $425.72 million.

PICO Holdings (NASDAQ:PICO) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.06 EPS for the quarter. PICO Holdings had a negative net margin of 2.23% and a negative return on equity of 0.68%. The company had revenue of $8.63 million for the quarter. On average, analysts expect that PICO Holdings Inc. will post ($1.45) earnings per share for the current year.

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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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Institutional Ownership by Quarter for PICO Holdings (NASDAQ:PICO)

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