NJ State Employees Deferred Compensation Plan Continues to Hold Position in PICO Holdings Inc. (PICO)

NJ State Employees Deferred Compensation Plan continued to hold its stake in PICO Holdings Inc. (NASDAQ:PICO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the financial services provider’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan owned approximately 0.13% of PICO Holdings worth $525,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in 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 in the last quarter. Vanguard Group Inc. raised its stake in 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 in the last quarter. State Street Corp raised its stake in PICO Holdings by 6.4% in the fourth quarter. State Street Corp now owns 413,701 shares of the financial services provider’s stock valued at $6,273,000 after buying an additional 24,826 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 in the last quarter. Finally, Renaissance Technologies LLC raised its stake in PICO Holdings by 24.7% in the fourth quarter. Renaissance Technologies LLC now owns 173,507 shares of the financial services provider’s stock valued at $2,629,000 after buying an additional 34,407 shares in the last quarter. Institutional investors and hedge funds own 61.56% of the company’s stock.

Shares of PICO Holdings Inc. (NASDAQ PICO) traded down 0.31% during trading on Friday, hitting $16.20. The stock had a trading volume of 88,252 shares. The company’s 50 day moving average price is $16.79 and its 200 day moving average price is $15.69. The company’s market capitalization is $374.82 million. PICO Holdings Inc. has a 52 week low of $10.10 and a 52 week high of $17.95.

PICO Holdings (NASDAQ:PICO) last released its earnings results on Wednesday, August 9th. The financial services provider reported $0.06 earnings per share for the quarter. The company had revenue of $8.63 million for the quarter. PICO Holdings had a negative net margin of 2.23% and a negative return on equity of 0.68%. Analysts predict that PICO Holdings Inc. will post ($1.45) earnings per share for the current year.

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Separately, BidaskClub lowered PICO Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

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. 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.

Institutional Ownership by Quarter for PICO Holdings (NASDAQ:PICO)

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