Pure Cycle (NASDAQ:PCYO) Director Daniel Kozlowski Sells 68,778 Shares of Stock

Pure Cycle Corporation (NASDAQ:PCYO) Director Daniel Kozlowski sold 68,778 shares of the firm’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $11.01, for a total transaction of $757,245.78. Following the completion of the sale, the director owned 2,600,000 shares of the company’s stock, valued at $28,626,000. This trade represents a 2.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Pure Cycle Trading Down 0.4%

NASDAQ:PCYO traded down $0.04 during mid-day trading on Wednesday, hitting $10.99. 41,694 shares of the stock traded hands, compared to its average volume of 48,861. The company has a quick ratio of 2.40, a current ratio of 3.52 and a debt-to-equity ratio of 0.05. Pure Cycle Corporation has a 52 week low of $9.65 and a 52 week high of $14.63. The stock has a market capitalization of $264.65 million, a price-to-earnings ratio of 19.98 and a beta of 1.34. The firm’s 50 day moving average is $11.06 and its two-hundred day moving average is $10.61.

Analysts Set New Price Targets

Several brokerages have recently weighed in on PCYO. Wall Street Zen upgraded Pure Cycle from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings downgraded Pure Cycle from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, November 13th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Trading of Pure Cycle

A number of hedge funds have recently added to or reduced their stakes in the business. Diamond Hill Capital Management Inc. raised its holdings in shares of Pure Cycle by 5.2% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 67,219 shares of the utilities provider’s stock valued at $704,000 after purchasing an additional 3,333 shares in the last quarter. Nuveen LLC bought a new position in Pure Cycle in the first quarter worth approximately $885,000. First Manhattan CO. LLC. boosted its position in Pure Cycle by 2.7% during the first quarter. First Manhattan CO. LLC. now owns 60,225 shares of the utilities provider’s stock valued at $631,000 after purchasing an additional 1,600 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Pure Cycle by 39.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 131,836 shares of the utilities provider’s stock worth $1,380,000 after buying an additional 37,018 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in Pure Cycle during the first quarter valued at approximately $201,000. 51.39% of the stock is owned by hedge funds and other institutional investors.

About Pure Cycle

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.