Tower Research Capital LLC TRC Grows Position in Pure Cycle Co. (NASDAQ:PCYO)

Tower Research Capital LLC TRC boosted its stake in shares of Pure Cycle Co. (NASDAQ:PCYO) by 142.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,990 shares of the utilities provider’s stock after acquiring an additional 1,759 shares during the period. Tower Research Capital LLC TRC’s holdings in Pure Cycle were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Jackson Hole Capital Partners LLC purchased a new position in shares of Pure Cycle during the third quarter valued at about $132,000. Skylands Capital LLC grew its holdings in Pure Cycle by 6.2% during the 3rd quarter. Skylands Capital LLC now owns 20,702 shares of the utilities provider’s stock valued at $199,000 after buying an additional 1,202 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Pure Cycle in the 3rd quarter worth approximately $215,000. Quadrature Capital Ltd purchased a new stake in shares of Pure Cycle during the 3rd quarter worth approximately $237,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Pure Cycle by 17.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 25,447 shares of the utilities provider’s stock valued at $244,000 after acquiring an additional 3,872 shares during the last quarter. 51.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Pure Cycle from a “hold” rating to a “sell” rating in a research report on Friday, April 12th.

Pure Cycle Price Performance

Shares of NASDAQ PCYO traded up $0.13 during mid-day trading on Friday, hitting $9.91. 50,829 shares of the company’s stock traded hands, compared to its average volume of 63,422. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.10 and a quick ratio of 3.56. Pure Cycle Co. has a 1 year low of $9.10 and a 1 year high of $13.07. The company’s 50-day moving average is $9.59 and its two-hundred day moving average is $9.88. The company has a market capitalization of $238.72 million, a P/E ratio of 36.70 and a beta of 0.96.

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.