Pure Cycle (PCYO) Set to Announce Earnings on Wednesday

Pure Cycle (NASDAQ:PCYO) is scheduled to be releasing its earnings data after the market closes on Wednesday, April 10th.

Pure Cycle (NASDAQ:PCYO) last announced its earnings results on Friday, January 12th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter. Pure Cycle had a return on equity of 5.63% and a net margin of 35.45%. The business had revenue of $5.39 million for the quarter.

Pure Cycle Stock Up 0.3 %

Shares of NASDAQ PCYO traded up $0.03 during midday trading on Thursday, reaching $9.38. 6,269 shares of the company’s stock were exchanged, compared to its average volume of 44,169. Pure Cycle has a 52-week low of $9.10 and a 52-week high of $13.07. The stock has a market capitalization of $225.87 million, a PE ratio of 33.50 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.07 and a current ratio of 3.32. The business’s fifty day moving average price is $9.78 and its two-hundred day moving average price is $9.89.

Hedge Funds Weigh In On Pure Cycle

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Holdings Inc. boosted its stake in Pure Cycle by 4,685.7% in the fourth quarter. Advisor Group Holdings Inc. now owns 3,350 shares of the utilities provider’s stock valued at $35,000 after acquiring an additional 3,280 shares during the period. FMR LLC boosted its stake in Pure Cycle by 218.4% in the second quarter. FMR LLC now owns 3,697 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 2,536 shares during the period. BNP Paribas Arbitrage SNC boosted its stake in Pure Cycle by 69.3% in the first quarter. BNP Paribas Arbitrage SNC now owns 4,250 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 1,740 shares during the period. Lazard Asset Management LLC acquired a new position in Pure Cycle in the fourth quarter valued at approximately $45,000. Finally, Barclays PLC boosted its stake in Pure Cycle by 533.1% in the fourth quarter. Barclays PLC now owns 5,229 shares of the utilities provider’s stock valued at $55,000 after acquiring an additional 4,403 shares during the period. 51.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Pure Cycle from a “sell” rating to a “hold” rating in a report on Monday, January 15th.

About Pure Cycle

Pure Cycle Corporation designs, constructs, operates, and maintains water and wastewater systems in the Denver metropolitan area and Colorado Front Range in the United States. It operates in two segments, Wholesale Water and Wastewater Services, and Land Development. The company engages in the wholesale water production, storage, treatment, and distribution systems; wastewater collection and treatment systems; development of 930-acre master-planned community; oil and gas leasing business; and construction and leasing of single-family homes.