BidaskClub upgraded shares of Pico (NASDAQ:PICO) from a strong sell rating to a sell rating in a research note published on Wednesday morning.

Separately, ValuEngine cut shares of Pico from a buy rating to a hold rating in a research report on Monday, October 2nd.

Shares of Pico (NASDAQ PICO) traded down $0.05 during mid-day trading on Wednesday, hitting $12.85. 71,222 shares of the stock were exchanged, compared to its average volume of 124,549. Pico has a 52 week low of $12.30 and a 52 week high of $20.20. The firm has a market cap of $298.59, a PE ratio of -41.45 and a beta of 1.23.

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in Pico by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,295,327 shares of the financial services provider’s stock worth $22,668,000 after acquiring an additional 106,272 shares during the last quarter. KBC Group NV grew its holdings in Pico by 1,637.1% during the 3rd quarter. KBC Group NV now owns 69,206 shares of the financial services provider’s stock worth $1,156,000 after acquiring an additional 65,222 shares during the last quarter. Vanguard Group Inc. grew its holdings in Pico by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 938,775 shares of the financial services provider’s stock worth $13,143,000 after acquiring an additional 49,743 shares during the last quarter. State Street Corp grew its holdings in Pico by 8.3% during the 2nd quarter. State Street Corp now owns 450,994 shares of the financial services provider’s stock worth $7,896,000 after acquiring an additional 34,399 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in Pico by 2.4% during the 3rd quarter. Royce & Associates LP now owns 1,442,689 shares of the financial services provider’s stock worth $24,093,000 after acquiring an additional 33,200 shares during the last quarter. Institutional investors and hedge funds own 70.12% of the company’s stock.

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About Pico

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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