ValuEngine downgraded shares of Pure Cycle (NASDAQ:PCYO) from a buy rating to a hold rating in a research report report published on Tuesday morning, ValuEngine reports.

Several other equities research analysts also recently issued reports on PCYO. TheStreet upgraded Pure Cycle from a c rating to a b- rating in a report on Friday, November 8th. BidaskClub upgraded shares of Pure Cycle from a hold rating to a buy rating in a research note on Saturday, November 16th.

Shares of NASDAQ PCYO traded up $0.25 during midday trading on Tuesday, reaching $12.57. 83,779 shares of the company’s stock were exchanged, compared to its average volume of 24,411. Pure Cycle has a 52-week low of $9.20 and a 52-week high of $12.67. The business’s fifty day moving average price is $11.71 and its two-hundred day moving average price is $10.77. The stock has a market capitalization of $299.51 million, a PE ratio of 73.06 and a beta of 0.64.

In related news, major shareholder Par Investment Partners Lp sold 2,950,000 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $9.75, for a total transaction of $28,762,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Plaisance Capital Llc acquired 5,000 shares of Pure Cycle stock in a transaction that occurred on Thursday, October 10th. The shares were purchased at an average price of $10.78 per share, for a total transaction of $53,900.00. The disclosure for this purchase can be found here. Company insiders own 5.03% of the company’s stock.

Several institutional investors have recently bought and sold shares of PCYO. Vanguard Group Inc. grew its position in shares of Pure Cycle by 6.4% during the 2nd quarter. Vanguard Group Inc. now owns 859,898 shares of the utilities provider’s stock valued at $9,115,000 after buying an additional 51,945 shares during the last quarter. BlackRock Inc. boosted its stake in Pure Cycle by 1.2% in the second quarter. BlackRock Inc. now owns 841,527 shares of the utilities provider’s stock valued at $8,920,000 after acquiring an additional 10,213 shares during the period. Tealwood Asset Management Inc. grew its holdings in shares of Pure Cycle by 56.5% during the third quarter. Tealwood Asset Management Inc. now owns 589,463 shares of the utilities provider’s stock valued at $6,060,000 after purchasing an additional 212,885 shares during the last quarter. State Street Corp grew its holdings in shares of Pure Cycle by 9.3% during the third quarter. State Street Corp now owns 278,558 shares of the utilities provider’s stock valued at $2,864,000 after purchasing an additional 23,668 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Pure Cycle by 1.7% during the 2nd quarter. Northern Trust Corp now owns 187,101 shares of the utilities provider’s stock worth $1,984,000 after purchasing an additional 3,179 shares during the period. Institutional investors own 67.49% of the company’s stock.

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 Activities. The company offers utility services, including water production, storage, treatment, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services, as well as bulk transmission services to retail distribution systems.

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