River Road Asset Management LLC Has $18.16 Million Holdings in Pico Holdings Inc (PICO)
River Road Asset Management LLC grew its position in shares of Pico Holdings Inc (NASDAQ:PICO) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 1,418,786 shares of the financial services provider’s stock after purchasing an additional 50,660 shares during the quarter. River Road Asset Management LLC owned about 0.06% of Pico worth $18,160,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new position in Pico during the 4th quarter worth $110,000. Clarus Wealth Advisors purchased a new position in shares of Pico in the 4th quarter worth about $208,000. Nisa Investment Advisors LLC boosted its holdings in shares of Pico by 122.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 19,500 shares of the financial services provider’s stock worth $250,000 after buying an additional 10,740 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Pico in the 2nd quarter worth about $261,000. Finally, Citadel Advisors LLC purchased a new position in shares of Pico in the 2nd quarter worth about $261,000. 70.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of Pico from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. TheStreet downgraded shares of Pico from a “c” rating to a “d” rating in a report on Friday, December 22nd.
Pico (NASDAQ:PICO) last issued its quarterly earnings results on Tuesday, November 7th. The financial services provider reported ($0.06) earnings per share for the quarter. The company had revenue of $0.21 million during the quarter. Pico had a negative return on equity of 0.37% and a negative net margin of 4.85%.
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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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