Raymond James & Associates trimmed its stake in shares of Pico Holdings Inc (NASDAQ:PICO) by 19.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,028 shares of the financial services provider’s stock after selling 33,733 shares during the quarter. Raymond James & Associates owned about 0.66% of Pico worth $1,280,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of Pico during the third quarter worth $279,000. First Foundation Advisors raised its stake in Pico by 1.5% in the third quarter. First Foundation Advisors now owns 995,389 shares of the financial services provider’s stock valued at $12,492,000 after purchasing an additional 14,600 shares in the last quarter. Vanguard Group Inc raised its stake in Pico by 1.3% in the third quarter. Vanguard Group Inc now owns 1,076,789 shares of the financial services provider’s stock valued at $13,514,000 after purchasing an additional 13,520 shares in the last quarter. Vanguard Group Inc. raised its stake in Pico by 1.3% in the third quarter. Vanguard Group Inc. now owns 1,076,789 shares of the financial services provider’s stock valued at $13,514,000 after purchasing an additional 13,520 shares in the last quarter. Finally, Marquette Asset Management LLC acquired a new position in Pico in the fourth quarter valued at about $121,000. 69.69% of the stock is owned by hedge funds and other institutional investors.
PICO stock remained flat at $$10.84 during midday trading on Friday. The company had a trading volume of 65,509 shares, compared to its average volume of 60,742. Pico Holdings Inc has a fifty-two week low of $8.85 and a fifty-two week high of $12.77.
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PICO Holdings, Inc engages in the water resource and water storage activities in the southwestern United States. It engages in selling its water rights and storage credits in Arizona, Colorado, Nevada, and New Mexico. The Company sells its water rights to real estate developers, power generating facilities, or other commercial and industrial users, as well as to water utilities, municipalities, and other government agencies; and sells its stored water to state agencies, commercial developers, or municipalities for their commercial projects or communities.
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