PICO Holdings Inc. (NASDAQ:PICO) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

Shares of PICO Holdings (NASDAQ:PICO) opened at 16.20 on Friday. PICO Holdings has a 12-month low of $10.14 and a 12-month high of $17.95. The company’s market capitalization is $374.82 million. The stock’s 50 day moving average price is $16.67 and its 200 day moving average price is $15.77.

PICO Holdings (NASDAQ:PICO) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.06 earnings per share (EPS) for the quarter. PICO Holdings had a negative return on equity of 0.68% and a negative net margin of 2.23%. The business had revenue of $8.63 million for the quarter. On average, equities research analysts forecast that PICO Holdings will post ($1.45) earnings per share for the current year.

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A number of large investors have recently modified their holdings of PICO. Bard Associates Inc. increased its stake in shares of PICO Holdings by 2.0% in the first quarter. Bard Associates Inc. now owns 104,990 shares of the financial services provider’s stock worth $1,470,000 after buying an additional 2,095 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of PICO Holdings by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,189,055 shares of the financial services provider’s stock valued at $16,647,000 after buying an additional 91,190 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of PICO Holdings by 10.0% in the first quarter. Geode Capital Management LLC now owns 180,106 shares of the financial services provider’s stock valued at $2,521,000 after buying an additional 16,427 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of PICO Holdings during the first quarter valued at $319,000. Finally, Vanguard Group Inc. increased its stake in shares of PICO Holdings by 5.6% in the first quarter. Vanguard Group Inc. now owns 938,775 shares of the financial services provider’s stock valued at $13,143,000 after buying an additional 49,743 shares during the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

PICO Holdings Company Profile

PICO Holdings, Inc (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. Its subsidiary, Vidler Water Company, Inc (Vidler), owns 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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