Ariel Investments LLC acquired a new position in shares of Pure Cycle Co. (NASDAQ:PCYO) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 60,970 shares of the utilities provider’s stock, valued at approximately $509,000. Ariel Investments LLC owned approximately 0.26% of Pure Cycle at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of PCYO. State Board of Administration of Florida Retirement System acquired a new position in Pure Cycle during the third quarter worth $137,000. The Manufacturers Life Insurance Company raised its stake in shares of Pure Cycle by 1,096.8% in 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 in the last quarter. Whalerock Point Partners LLC acquired a new stake in shares of Pure Cycle in the fourth quarter valued at $173,000. Parametric Portfolio Associates LLC raised its stake in shares of Pure Cycle by 0.3% in 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 in the last quarter. Finally, Teachers Advisors LLC purchased a new position in Pure Cycle in the second quarter valued at $231,000. Institutional investors own 67.93% of the company’s stock.
Shares of NASDAQ PCYO traded down $0.45 during midday trading on Monday, reaching $9.00. 21,086 shares of the company were exchanged, compared to its average volume of 37,577. Pure Cycle Co. has a 1 year low of $5.50 and a 1 year high of $9.60.
Separately, TheStreet raised Pure Cycle from a “c” rating to a “b-” rating in a report on Wednesday, January 10th.
About Pure Cycle
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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