PICO Holdings Inc. (NASDAQ:PICO) Stock Closed Over Its 50 Day Moving Average


Shares of the company are trading at $18.25 which is marginally higher than $17.34, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $16.78. The 50 day moving average went up $0.91 or +5.26% whereas the 200 day average was up by +8.73%. 621 shares changed hands by the end of trading on Tuesday. Overall, volume was down 99.05% under the stocks normal daily volume.

Investors are more bullish on shares of the company of late if you take into consideration the change in short interest. The stock recorded a fall in short interest of -17.50% as of the latest report on September 29, 2017. Short interest fell 67,890 over that timeframe. The days to cover decreased to 3.0 and the percentage of shorted shares was 0.01% on September 29.

A few notable investment firms have updated their holdings. Ancora Advisors, LLC grew its holdings by buying 3,678 shares an increase of 3.5% from 03/31/2017 to 06/30/2017. Ancora Advisors, LLC owns 107,378 shares with a value of $1,879,000. The total value of its holdings increased 29.4%. As of the end of the quarter Mraz, Amerine & Associates, Inc. had disposed of a total of 1,300 shares trimming its position 1.0%. The value of the investment in PICO increased from $2,070,000 to $2,228,000 increasing 7.6% quarter to quarter.

Ubs Group Ag augmented its stake by buying 94 shares an increase of 7.2% in the quarter. Ubs Group Ag now controls 1,397 shares worth $24,000. The value of the position overall is up by 33.3%. As of quarter end Cutler Group LP had sold 1,646 shares trimming its holdings by 82.3%. The value of the total investment in PICO Holdings Inc. went from $0 to $5,000 a change of $5,000 for the reporting period.

PICO Holdings, Inc. (PICO), launched on January 15, 1981, is a diversified holding company. The Business’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate..