ValuEngine lowered shares of PICO Holdings Inc. (NASDAQ:PICO) from a buy rating to a hold rating in a research note issued to investors on Monday.

Separately, BidaskClub upgraded shares of PICO Holdings from a strong sell rating to a sell rating in a report on Saturday, August 12th.

Shares of PICO Holdings (PICO) traded up 0.54% during mid-day trading on Monday, hitting $18.45. 34,411 shares of the company’s stock traded hands. The stock’s market cap is $426.88 million. PICO Holdings has a 1-year low of $10.51 and a 1-year high of $18.60. The stock has a 50 day moving average price of $16.55 and a 200-day moving average price of $16.34.

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 business 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%. Equities research analysts anticipate that PICO Holdings will post ($1.45) EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the stock. TIAA CREF Investment Management LLC lifted its stake in PICO Holdings by 0.6% in the second quarter. TIAA CREF Investment Management LLC now owns 69,983 shares of the financial services provider’s stock valued at $1,225,000 after acquiring an additional 415 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in PICO Holdings by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 96,784 shares of the financial services provider’s stock valued at $1,694,000 after acquiring an additional 589 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in PICO Holdings by 8.7% in the second quarter. Nisa Investment Advisors LLC now owns 8,760 shares of the financial services provider’s stock valued at $144,000 after acquiring an additional 700 shares during the last quarter. American International Group Inc. lifted its stake in PICO Holdings by 7.0% in the first quarter. American International Group Inc. now owns 13,453 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 875 shares during the last quarter. Finally, Bard Associates Inc. lifted its stake in PICO Holdings by 0.9% in the second quarter. Bard Associates Inc. now owns 105,980 shares of the financial services provider’s stock valued at $1,855,000 after acquiring an additional 990 shares during the last quarter. Institutional investors and hedge funds own 71.14% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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