Clarus Wealth Advisors purchased a new stake in shares of Pico Holdings Inc (NASDAQ:PICO) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 16,222 shares of the financial services provider’s stock, valued at approximately $208,000.

A number of other hedge funds have also made changes to their positions in the business. TIAA CREF Investment Management LLC lifted its position in Pico by 0.6% during the second quarter. TIAA CREF Investment Management LLC now owns 69,983 shares of the financial services provider’s stock valued at $1,225,000 after buying an additional 415 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in Pico by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 96,784 shares of the financial services provider’s stock valued at $1,694,000 after buying an additional 589 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Pico by 6.6% during the second quarter. The Manufacturers Life Insurance Company now owns 19,942 shares of the financial services provider’s stock valued at $349,000 after buying an additional 1,230 shares in the last quarter. Voya Investment Management LLC lifted its position in Pico by 8.1% during the second quarter. Voya Investment Management LLC now owns 17,259 shares of the financial services provider’s stock valued at $302,000 after buying an additional 1,300 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Pico by 7.1% during the third quarter. Sei Investments Co. now owns 39,830 shares of the financial services provider’s stock valued at $665,000 after buying an additional 2,635 shares in the last quarter. 70.27% of the stock is currently owned by hedge funds and other institutional investors.

Pico Holdings Inc (PICO) opened at $12.70 on Thursday. Pico Holdings Inc has a 12-month low of $12.10 and a 12-month high of $20.20. The company has a market cap of $285.86, a price-to-earnings ratio of -40.48 and a beta of 1.22.

Pico (NASDAQ:PICO) last posted its earnings results on Tuesday, November 7th. The financial services provider reported ($0.06) EPS for the quarter. Pico had a negative return on equity of 0.37% and a negative net margin of 4.85%. The firm had revenue of $0.21 million for the quarter.

A number of brokerages have weighed in on PICO. TheStreet cut shares of Pico from a “c” rating to a “d” rating in a research report on Friday, December 22nd. BidaskClub raised shares of Pico from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 16th.

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

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