Pico Holdings Inc. (PICO) Shares Up 7.7%

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Shares of Pico Holdings Inc. (NASDAQ:PICO) shot up 7.7% during trading on Monday . The company traded as high as $11.73 and last traded at $10.97, with a volume of 438,201 shares trading hands. The stock had previously closed at $10.19.
The company’s 50 day moving average price is $10.51 and its 200-day moving average price is $9.89. The stock’s market capitalization is $259.27 million.
Pico Holdings (NASDAQ:PICO) last posted its earnings results on Monday, August 8th. The company reported ($0.15) EPS for the quarter. The business had revenue of $83.70 million for the quarter, compared to the consensus estimate of $35.10 million. Pico Holdings had a negative return on equity of 2.43% and a negative net margin of 7.51%. On average, equities analysts expect that Pico Holdings Inc. will post ($1.45) earnings per share for the current year.

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Large investors have recently modified their holdings of the company. Benchmark Capital Advisors bought a new position in Pico Holdings during the first quarter worth $102,000. Alliancebernstein L.P. boosted its position in Pico Holdings by 26.9% in the second quarter. Alliancebernstein L.P. now owns 12,740 shares of the company’s stock worth $121,000 after buying an additional 2,700 shares during the last quarter. Squarepoint Ops LLC bought a new position in Pico Holdings during the first quarter worth $141,000. Boothbay Fund Management LLC boosted its position in Pico Holdings by 1.6% in the first quarter. Boothbay Fund Management LLC now owns 27,703 shares of the company’s stock worth $283,000 after buying an additional 427 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in Pico Holdings by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 38,348 shares of the company’s stock worth $363,000 after buying an additional 141 shares during the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.
About Pico Holdings
PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. PICO’s subsidiary, Vidler Water Company, Inc (Vidler), acquires and develops 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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