Ariel Investments LLC Invests $509,000 in Pure Cycle Co. (PCYO)
Ariel Investments LLC bought a new position in shares of Pure Cycle Co. (NASDAQ:PCYO) during the 4th quarter, HoldingsChannel reports. The firm bought 60,970 shares of the utilities provider’s stock, valued at approximately $509,000.
Several other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Pure Cycle by 1,096.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 17,462 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 16,003 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in shares of Pure Cycle during the third quarter valued at $137,000. Whalerock Point Partners LLC acquired a new position in shares of Pure Cycle during the fourth quarter valued at $173,000. Parametric Portfolio Associates LLC lifted its stake in shares of Pure Cycle by 0.3% during the second quarter. Parametric Portfolio Associates LLC now owns 28,260 shares of the utilities provider’s stock valued at $219,000 after acquiring an additional 94 shares during the period. Finally, Teachers Advisors LLC acquired a new position in shares of Pure Cycle during the second quarter valued at $231,000. Institutional investors own 67.88% of the company’s stock.
Pure Cycle Co. (NASDAQ PCYO) opened at $8.90 on Friday. Pure Cycle Co. has a one year low of $5.25 and a one year high of $8.95. The stock has a market capitalization of $201.91, a price-to-earnings ratio of -127.12 and a beta of 0.92.
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Pure Cycle Company Profile
Pure Cycle Corporation is an integrated water company that provides wholesale water and wastewater services. The Company provides its services to wholesale customers, which include industrial customers and local governmental entities that provide water and wastewater services to their end-use customers located in the Denver, Colorado metropolitan area.
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