Pico (NASDAQ:PICO) Share Price Passes Above Two Hundred Day Moving Average of $10.62

Pico Holdings Inc (NASDAQ:PICO)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.62 and traded as high as $10.90. Pico shares last traded at $10.57, with a volume of 1,428 shares.

Separately, TheStreet cut Pico from a “c+” rating to a “d+” rating in a research report on Monday, August 19th.

The business has a 50-day moving average price of $10.34 and a two-hundred day moving average price of $10.62.

In related news, Director Eric H. Speron purchased 4,305 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were acquired at an average cost of $10.49 per share, for a total transaction of $45,159.45. Following the transaction, the director now owns 65,305 shares of the company’s stock, valued at $685,049.45. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 10.40% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in PICO. Marshall Wace LLP acquired a new stake in shares of Pico during the 2nd quarter worth approximately $620,000. Russell Investments Group Ltd. bought a new position in Pico during the 2nd quarter valued at $496,000. Bank of America Corp DE boosted its stake in Pico by 475.9% during the 2nd quarter. Bank of America Corp DE now owns 46,991 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 38,831 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Pico by 30.0% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 121,668 shares of the financial services provider’s stock valued at $1,414,000 after purchasing an additional 28,111 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Pico by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 901,852 shares of the financial services provider’s stock valued at $10,480,000 after purchasing an additional 27,473 shares in the last quarter. Institutional investors and hedge funds own 67.63% of the company’s stock.

About Pico (NASDAQ:PICO)

PICO Holdings, Inc, together with its subsidiaries, engages in the water resource and water storage activities in the southwestern United States. It engages in selling its water rights and storage credits in Arizona, Colorado, Nevada, and New Mexico. The Company sells its water rights to real estate developers, power generating facilities, or other commercial and industrial users, as well as to water utilities, municipalities, and other government agencies; and sells its stored water to state agencies, commercial developers, or municipalities for their commercial projects or communities.

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