TheStreet upgraded shares of Pure Cycle (NASDAQ:PCYO) from a c rating to a b- rating in a research report released on Wednesday.

Pure Cycle (NASDAQ PCYO) opened at $8.55 on Wednesday. The company has a market cap of $203.10, a PE ratio of -142.50 and a beta of 1.06. Pure Cycle has a 52-week low of $5.05 and a 52-week high of $8.73.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC raised its position in shares of Pure Cycle by 0.3% during the second quarter. Parametric Portfolio Associates LLC now owns 28,260 shares of the utilities provider’s stock valued at $219,000 after buying an additional 94 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of Pure Cycle during the second quarter valued at about $125,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Pure Cycle during the third quarter valued at about $137,000. Smith Moore & CO. acquired a new position in shares of Pure Cycle during the third quarter valued at about $150,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of Pure Cycle by 1,772.1% during the second quarter. The Manufacturers Life Insurance Company now owns 21,791 shares of the utilities provider’s stock valued at $169,000 after buying an additional 20,627 shares during the last quarter. 67.68% of the stock is owned by institutional investors and hedge funds.

WARNING: This news story was originally published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another site, it was illegally copied and reposted in violation of US & international copyright and trademark law. The correct version of this news story can be accessed at https://www.watchlistnews.com/thestreet-upgrades-pure-cycle-pcyo-to-b/1806684.html.

About Pure Cycle

Pure Cycle Corporation is an integrated water company that provides wholesale water and wastewater services. The Company provides its services to wholesale customers, which include industrial customers and local governmental entities that provide water and wastewater services to their end-use customers located in the Denver, Colorado metropolitan area.

Receive News & Ratings for Pure Cycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pure Cycle and related companies with Analyst Ratings Network's FREE daily email newsletter.