Magnolia Group LLC Sells 825,675 Shares of Pure Cycle Corporation $PCYO

Magnolia Group LLC lessened its position in Pure Cycle Corporation (NASDAQ:PCYO) by 46.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 969,746 shares of the utilities provider’s stock after selling 825,675 shares during the period. Pure Cycle accounts for about 3.7% of Magnolia Group LLC’s portfolio, making the stock its 8th biggest holding. Magnolia Group LLC’s holdings in Pure Cycle were worth $10,706,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PCYO. Dimensional Fund Advisors LP raised its holdings in Pure Cycle by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 465,015 shares of the utilities provider’s stock valued at $4,678,000 after buying an additional 15,027 shares during the last quarter. First Wilshire Securities Management Inc. grew its holdings in Pure Cycle by 15.1% during the 1st quarter. First Wilshire Securities Management Inc. now owns 426,687 shares of the utilities provider’s stock worth $4,292,000 after acquiring an additional 56,027 shares during the last quarter. Epiq Partners LLC increased its position in Pure Cycle by 0.6% in the 2nd quarter. Epiq Partners LLC now owns 258,962 shares of the utilities provider’s stock valued at $2,773,000 after acquiring an additional 1,445 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Pure Cycle in the 2nd quarter valued at approximately $872,000. Finally, Bank of New York Mellon Corp acquired a new position in Pure Cycle in the 2nd quarter valued at approximately $863,000. 51.39% of the stock is currently owned by institutional investors.

Pure Cycle Stock Performance

NASDAQ:PCYO opened at $10.93 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.13 and a current ratio of 1.53. Pure Cycle Corporation has a fifty-two week low of $9.70 and a fifty-two week high of $12.44. The company has a 50 day simple moving average of $10.94 and a two-hundred day simple moving average of $10.88. The company has a market capitalization of $263.41 million, a PE ratio of 17.92 and a beta of 1.16.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Pure Cycle from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Pure Cycle Profile

Pure Cycle Corporation is a Colorado-based water and land development company serving communities in the Denver metropolitan area. Its water and wastewater business provides services to developers, municipalities and customers, including water supply, treatment and distribution, as well as wastewater collection and treatment. The company also owns and develops land, including property associated with the Sky Ranch master-planned community in the Denver region. Its activities include preparing land for residential and commercial development and coordinating related infrastructure.