Acadian Asset Management LLC Takes $110,000 Position in Pico Holdings Inc (PICO)

Acadian Asset Management LLC purchased a new position in Pico Holdings Inc (NASDAQ:PICO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,603 shares of the financial services provider’s stock, valued at approximately $110,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in shares of Pico by 8.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 92,673 shares of the financial services provider’s stock worth $1,187,000 after acquiring an additional 7,447 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Pico by 122.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 19,500 shares of the financial services provider’s stock worth $250,000 after acquiring an additional 10,740 shares during the last quarter. Royce & Associates LP increased its stake in shares of Pico by 2.4% in the third 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. KBC Group NV increased its stake in shares of Pico by 1,637.1% in the third 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. Finally, Dimensional Fund Advisors LP increased its stake in shares of Pico by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,319,903 shares of the financial services provider’s stock worth $22,043,000 after acquiring an additional 24,576 shares during the last quarter. 70.27% of the stock is currently owned by institutional investors and hedge funds.

PICO has been the topic of a number of research reports. BidaskClub downgraded shares of Pico from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. TheStreet downgraded shares of Pico from a “c” rating to a “d” rating in a research note on Friday, December 22nd.

Shares of Pico Holdings Inc (NASDAQ PICO) opened at $12.40 on Friday. Pico Holdings Inc has a fifty-two week low of $12.10 and a fifty-two week high of $20.20.

Pico (NASDAQ:PICO) last issued its quarterly earnings data on Tuesday, November 7th. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $0.21 million during the quarter. Pico had a negative return on equity of 0.37% and a negative net margin of 4.85%.

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

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