PICO Holdings Inc. (NASDAQ:PICO) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday.

Separately, BidaskClub cut shares of PICO Holdings from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th.

PICO Holdings (NASDAQ:PICO) traded up 6.59% during mid-day trading on Monday, reaching $17.80. The company’s stock had a trading volume of 551,151 shares. The firm’s 50 day moving average is $16.46 and its 200-day moving average is $16.29. The company has a market cap of $411.86 million, a PE ratio of 24.38 and a beta of 1.25. PICO Holdings has a 12-month low of $10.51 and a 12-month high of $18.20.

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

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in PICO Holdings during the 2nd quarter valued at about $147,000. Nisa Investment Advisors LLC raised its holdings in PICO Holdings by 8.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,760 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 700 shares during the last quarter. AXA acquired a new stake in PICO Holdings in the 1st quarter valued at about $176,000. American International Group Inc. raised its holdings in PICO Holdings by 7.0% in the 1st quarter. American International Group Inc. now owns 13,453 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 875 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in PICO Holdings in the 2nd quarter valued at about $261,000. Hedge funds and other institutional investors own 71.14% of the company’s stock.

PICO Holdings Company Profile

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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