Central Square Capital LP revealed that they own 4.9% of Pico Holdings Inc. (NASDAQ:PICO) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, October 4th. The investor owns 1,137,536 shares of the stock valued at $12,683,526. The reporting parties listed on the disclosure included Central Square Capital LP, Central Square Capital Master LP, Central Square Gp LLC, Central Square Gp II LLC, Central Square Management LLC and Kelly Cardwell. The filing is available through Edgar at this hyperlink.
A number of other large investors have also bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in Pico Holdings by 1.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 82,030 shares of the company’s stock valued at $777,000 after buying an additional 1,260 shares in the last quarter. First Foundation Advisors increased its stake in Pico Holdings by 4.4% in the second quarter. First Foundation Advisors now owns 960,983 shares of the company’s stock valued at $9,091,000 after buying an additional 40,300 shares in the last quarter. Bandera Partners LLC increased its stake in Pico Holdings by 31.8% in the second quarter. Bandera Partners LLC now owns 918,554 shares of the company’s stock valued at $8,690,000 after buying an additional 221,705 shares in the last quarter. Allianz Asset Management AG increased its stake in Pico Holdings by 20.0% in the second quarter. Allianz Asset Management AG now owns 544,713 shares of the company’s stock valued at $5,153,000 after buying an additional 90,918 shares in the last quarter. Finally, Teachers Advisors Inc. increased its stake in Pico Holdings by 1.1% in the second quarter. Teachers Advisors Inc. now owns 41,184 shares of the company’s stock valued at $390,000 after buying an additional 431 shares in the last quarter. Institutional investors and hedge funds own 79.41% of the company’s stock.
Pico Holdings Inc. (NASDAQ:PICO) traded down 3.80% during midday trading on Tuesday, reaching $11.15. 64,875 shares of the company traded hands. Pico Holdings Inc. has a one year low of $7.82 and a one year high of $11.92. The stock’s 50 day moving average is $10.98 and its 200 day moving average is $10.08. The company’s market capitalization is $256.96 million.
Pico Holdings (NASDAQ:PICO) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.15) EPS for the quarter. Pico Holdings had a negative return on equity of 2.43% and a negative net margin of 7.51%. The business earned $83.70 million during the quarter, compared to analysts’ expectations of $35.10 million. On average, equities analysts anticipate that Pico Holdings Inc. will post ($1.45) earnings per share for the current year.
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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