Pure Cycle (NASDAQ:PCYO) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

Separately, ValuEngine upgraded Pure Cycle from a “hold” rating to a “buy” rating in a report on Tuesday, April 24th.

PCYO stock opened at $10.85 on Thursday. Pure Cycle has a 52 week low of $6.55 and a 52 week high of $11.00.

Hedge funds have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in shares of Pure Cycle during the 1st quarter worth $114,000. Smart Portfolios LLC acquired a new stake in shares of Pure Cycle during the 1st quarter worth $151,000. Whittier Trust Co. acquired a new stake in shares of Pure Cycle during the 1st quarter worth $175,000. Deutsche Bank AG increased its holdings in shares of Pure Cycle by 148.7% during the 4th quarter. Deutsche Bank AG now owns 38,324 shares of the utilities provider’s stock worth $319,000 after buying an additional 22,912 shares during the last quarter. Finally, Beacon Investment Advisory Services Inc. increased its holdings in shares of Pure Cycle by 12.2% during the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 46,130 shares of the utilities provider’s stock worth $441,000 after buying an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Pure Cycle Company Profile

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 provides water production, storage, treatment, retail distribution systems bulk transmission, wastewater collection and treatment, irrigation water treatment and transmission, construction management, billing and collection, and emergency response services.

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