Pico Holdings Inc (NASDAQ:PICO) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 343,100 shares, a drop of 13.8% from the May 15th total of 397,900 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 70,000 shares, the short-interest ratio is presently 4.9 days.
Separately, TheStreet downgraded Viavi Solutions from a “b-” rating to a “c+” rating in a research report on Monday, June 3rd.
Several institutional investors and hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC lifted its stake in shares of Pico by 10.9% during the second quarter. Nisa Investment Advisors LLC now owns 13,250 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,300 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Pico by 572.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,146 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 3,529 shares in the last quarter. Osborn Williams & Donohoe LLC acquired a new stake in Pico during the first quarter valued at approximately $38,000. Ancora Advisors LLC raised its stake in Pico by 2.2% during the fourth quarter. Ancora Advisors LLC now owns 178,081 shares of the financial services provider’s stock valued at $1,628,000 after buying an additional 3,765 shares in the last quarter. Finally, Cutler Group LP raised its stake in Pico by 35.8% during the first quarter. Cutler Group LP now owns 14,516 shares of the financial services provider’s stock valued at $143,000 after buying an additional 3,830 shares in the last quarter. Institutional investors own 67.48% of the company’s stock.
Pico (NASDAQ:PICO) last announced its quarterly earnings data on Friday, May 3rd. The financial services provider reported $0.33 EPS for the quarter. The business had revenue of $12.12 million during the quarter.
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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