California Public Employees Retirement System boosted its stake in shares of Pico Holdings Inc (NASDAQ:PICO) by 28.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,986 shares of the financial services provider’s stock after buying an additional 4,686 shares during the quarter. California Public Employees Retirement System owned 0.10% of Pico worth $244,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Engineers Gate Manager LP purchased a new position in Pico during the second quarter worth about $122,000. Independent Advisor Alliance purchased a new position in Pico during the second quarter worth about $199,000. Russell Investments Group Ltd. boosted its stake in shares of Pico by 100.0% in the first quarter. Russell Investments Group Ltd. now owns 41,034 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 20,517 shares during the period. Raymond James & Associates boosted its stake in shares of Pico by 5.8% in the second quarter. Raymond James & Associates now owns 99,149 shares of the financial services provider’s stock valued at $1,155,000 after purchasing an additional 5,415 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Pico by 14.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 122,427 shares of the financial services provider’s stock valued at $1,427,000 after purchasing an additional 15,119 shares during the period. 71.85% of the stock is owned by institutional investors.

NASDAQ PICO opened at $9.71 on Friday. Pico Holdings Inc has a one year low of $9.66 and a one year high of $18.19.

Several research analysts have recently commented on the stock. BidaskClub raised shares of Pico from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. TheStreet raised shares of Pico from a “d+” rating to a “c-” rating in a research note on Friday, August 17th.

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About Pico

PICO Holdings, Inc engages in the water resource and water storage activities in the southwestern United States. It engages in selling its water rights and storage credits in Arizona, Colorado, Nevada, and New Mexico. The Company sells its water rights to real estate developers, power generating facilities, or other commercial and industrial users, as well as to water utilities, municipalities, and other government agencies; and sells its stored water to state agencies, commercial developers, or municipalities for their commercial projects or communities.

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Institutional Ownership by Quarter for Pico (NASDAQ:PICO)

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