Insider Selling: Pure Cycle Co. (NASDAQ:PCYO) Director Sells $262,000.00 in Stock

Pure Cycle Co. (NASDAQ:PCYO) Director Daniel R. Kozlowski sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $13.10, for a total transaction of $262,000.00. Following the completion of the transaction, the director now directly owns 2,668,778 shares of the company’s stock, valued at approximately $34,960,991.80. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Pure Cycle Stock Up 0.2 %

Shares of NASDAQ:PCYO opened at $14.45 on Thursday. Pure Cycle Co. has a one year low of $8.94 and a one year high of $14.62. The company has a 50 day moving average of $11.47 and a 200-day moving average of $10.41. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.05 and a quick ratio of 3.66. The stock has a market cap of $347.81 million, a price-to-earnings ratio of 30.10 and a beta of 0.92.

Institutional Investors Weigh In On Pure Cycle

Several institutional investors have recently modified their holdings of the business. Barclays PLC grew its position in shares of Pure Cycle by 253.9% during the 3rd quarter. Barclays PLC now owns 27,385 shares of the utilities provider’s stock worth $295,000 after buying an additional 19,646 shares during the period. Geode Capital Management LLC grew its position in shares of Pure Cycle by 10.7% during the 3rd quarter. Geode Capital Management LLC now owns 510,549 shares of the utilities provider’s stock worth $5,500,000 after buying an additional 49,272 shares during the period. State Street Corp grew its position in shares of Pure Cycle by 2.5% during the 3rd quarter. State Street Corp now owns 412,332 shares of the utilities provider’s stock worth $4,441,000 after buying an additional 10,124 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Pure Cycle by 5.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 58,612 shares of the utilities provider’s stock worth $631,000 after buying an additional 3,050 shares during the period. Finally, Tealwood Asset Management Inc. acquired a new stake in shares of Pure Cycle during the 3rd quarter worth approximately $1,267,000. Institutional investors and hedge funds own 51.39% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Pure Cycle from a “sell” rating to a “buy” rating in a research note on Monday, November 18th.

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.