Stone Ridge Asset Management LLC Buys Shares of 28,043 Pico Holdings Inc (PICO)

Stone Ridge Asset Management LLC bought a new position in Pico Holdings Inc (NASDAQ:PICO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 28,043 shares of the financial services provider’s stock, valued at approximately $359,000. Stone Ridge Asset Management LLC owned approximately 0.12% of Pico as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PICO. Amundi Pioneer Asset Management Inc. purchased a new stake in Pico in the 4th quarter worth approximately $27,714,000. Kestrel Investment Management Corp acquired a new position in shares of Pico during the 4th quarter worth $2,013,000. KBC Group NV increased its stake in shares of Pico by 147.1% during the 4th quarter. KBC Group NV now owns 171,017 shares of the financial services provider’s stock worth $2,189,000 after purchasing an additional 101,811 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Pico by 45.8% during the 4th quarter. Deutsche Bank AG now owns 223,347 shares of the financial services provider’s stock worth $2,857,000 after purchasing an additional 70,154 shares during the last quarter. Finally, River Road Asset Management LLC increased its stake in shares of Pico by 3.7% during the 4th quarter. River Road Asset Management LLC now owns 1,418,786 shares of the financial services provider’s stock worth $18,160,000 after purchasing an additional 50,660 shares during the last quarter. Institutional investors own 70.90% of the company’s stock.

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PICO has been the topic of several analyst reports. BidaskClub lowered shares of Pico from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 26th. TheStreet lowered shares of Pico from a “c” rating to a “d” rating in a research note on Friday, December 22nd.

Shares of NASDAQ:PICO opened at $11.45 on Friday. Pico Holdings Inc has a 12 month low of $10.60 and a 12 month high of $20.20. The firm has a market cap of $265.09, a PE ratio of 35.78 and a beta of 1.22.

Pico (NASDAQ:PICO) last announced its quarterly earnings results on Thursday, March 1st. The financial services provider reported ($0.08) EPS for the quarter. Pico had a return on equity of 1.75% and a net margin of 1.28%. The business had revenue of $1.24 million for the quarter.

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Pico Company Profile

PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. Its subsidiary, Vidler Water Company, Inc (Vidler), owns water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico.

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Institutional Ownership by Quarter for Pico (NASDAQ:PICO)

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