California Public Employees Retirement System cut its stake in PICO Holdings Inc. (NASDAQ:PICO) by 4.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,300 shares of the financial services provider’s stock after selling 800 shares during the period. California Public Employees Retirement System owned about 0.07% of PICO Holdings worth $228,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AXA bought a new position in PICO Holdings during the first quarter valued at $176,000. American International Group Inc. boosted 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 period. UBS Asset Management Americas Inc. boosted 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 period. JPMorgan Chase & Co. boosted its position in PICO Holdings by 39.1% in the first quarter. JPMorgan Chase & Co. now owns 20,889 shares of the financial services provider’s stock valued at $292,000 after buying an additional 5,872 shares during the period. Finally, Teachers Advisors LLC boosted its position in PICO Holdings by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 53,976 shares of the financial services provider’s stock valued at $818,000 after buying an additional 2,047 shares during the period. Hedge funds and other institutional investors own 71.14% of the company’s stock.

PICO Holdings Inc. (PICO) traded up 0.31% on Thursday, reaching $16.25. 30,263 shares of the company traded hands. The company’s market capitalization is $375.98 million. PICO Holdings Inc. has a 52-week low of $10.14 and a 52-week high of $17.95. The stock has a 50-day moving average of $16.67 and a 200 day moving average of $15.77.

PICO Holdings (NASDAQ:PICO) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter. PICO Holdings had a negative net margin of 2.23% and a negative return on equity of 0.68%. The company had revenue of $8.63 million during the quarter. On average, equities analysts forecast that PICO Holdings Inc. will post ($1.45) EPS for the current year.

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Separately, BidaskClub upgraded shares of PICO Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 12th.

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.

Institutional Ownership by Quarter for PICO Holdings (NASDAQ:PICO)

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