Shares of Pure Cycle Corporation (NASDAQ:PCYO) have been assigned a consensus broker rating score of 2.00 (Buy) from the one analysts that cover the company, Zacks Investment Research reports.
Zacks has also assigned Pure Cycle Corporation an industry rank of 181 out of 265 based on the ratings given to related companies.
A number of brokerages have recently commented on PCYO. Zacks Investment Research lowered shares of Pure Cycle Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. TheStreet upgraded shares of Pure Cycle Corporation from a “d+” rating to a “c” rating in a research note on Thursday, April 13th. Finally, Feltl & Co. reiterated a “buy” rating on shares of Pure Cycle Corporation in a research note on Wednesday, April 12th.
Pure Cycle Corporation (NASDAQ PCYO) opened at 7.85 on Monday. The firm’s market cap is $186.47 million. The company has a 50-day moving average of $7.85 and a 200 day moving average of $6.16. Pure Cycle Corporation has a 12-month low of $4.34 and a 12-month high of $8.73.
Pure Cycle Corporation (NASDAQ:PCYO) last announced its quarterly earnings results on Monday, April 10th. The utilities provider reported ($0.01) EPS for the quarter, hitting analysts’ consensus estimates of ($0.01). Pure Cycle Corporation had a negative net margin of 230.56% and a negative return on equity of 2.17%. The firm had revenue of $0.24 million during the quarter, compared to analyst estimates of $0.31 million. Equities analysts expect that Pure Cycle Corporation will post ($0.06) EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the company. Janus Capital Management LLC raised its stake in shares of Pure Cycle Corporation by 3.2% in the first quarter. Janus Capital Management LLC now owns 797,825 shares of the utilities provider’s stock worth $4,428,000 after buying an additional 24,700 shares in the last quarter. Bard Associates Inc. raised its stake in shares of Pure Cycle Corporation by 6.7% in the first quarter. Bard Associates Inc. now owns 108,400 shares of the utilities provider’s stock worth $602,000 after buying an additional 6,800 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Pure Cycle Corporation by 10.5% in the first quarter. Renaissance Technologies LLC now owns 62,100 shares of the utilities provider’s stock worth $345,000 after buying an additional 5,900 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in shares of Pure Cycle Corporation by 21.1% in the first quarter. Kennedy Capital Management Inc. now owns 762,177 shares of the utilities provider’s stock worth $4,230,000 after buying an additional 132,888 shares in the last quarter. Finally, Blair William & Co. IL bought a new stake in shares of Pure Cycle Corporation during the first quarter worth approximately $1,821,000. Hedge funds and other institutional investors own 66.90% of the company’s stock.
Pure Cycle Corporation Company Profile
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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