BidaskClub upgraded shares of PICO Holdings Inc. (NASDAQ:PICO) from a strong sell rating to a sell rating in a report released on Saturday.

Shares of PICO Holdings (NASDAQ:PICO) opened at 16.70 on Friday. The company has a 50 day moving average of $16.87 and a 200-day moving average of $15.66. The company’s market cap is $386.39 million. PICO Holdings has a 52-week low of $10.10 and a 52-week high of $17.95.

PICO Holdings (NASDAQ:PICO) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.06 EPS for the quarter. The company had revenue of $8.63 million for the quarter. PICO Holdings had a negative net margin of 2.23% and a negative return on equity of 0.68%. Analysts forecast that PICO Holdings will post ($1.45) EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC raised its position in PICO Holdings by 8.7% in the second quarter. Nisa Investment Advisors LLC now owns 8,760 shares of the financial services provider’s stock valued at $144,000 after buying an additional 700 shares during the last quarter. Strs Ohio purchased a new position in PICO Holdings during the second quarter valued at about $147,000. AXA purchased a new position in PICO Holdings during the first quarter valued at about $176,000. American International Group Inc. raised its position in PICO Holdings by 7.0% in the first quarter. American International Group Inc. now owns 13,453 shares of the financial services provider’s stock valued at $188,000 after buying an additional 875 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in PICO Holdings by 49.6% in the first quarter. UBS Asset Management Americas Inc. now owns 16,599 shares of the financial services provider’s stock valued at $232,000 after buying an additional 5,500 shares during the last quarter. Institutional investors own 61.56% of the company’s stock.

About PICO Holdings

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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