The New Kelly Cardwell’s Central Square Management Llc Holding in Pico Holdings Inc New
Central Square Management Llc filed with the SEC SC 13D/A form for Pico Holdings Inc New. The form can be accessed here: 000092189516005794. As reported in Kelly Cardwell’s Central Square Management Llc’s form, the filler as of late owns 4.9% or 1,137,536 shares of the Finance–company.
Pico Holdings Inc New stake is a new one for the for the hedge fund and it was filed because of activity on September 29, 2016. We feel this shows Kelly Cardwell’s Central Square Management Llc’s positive view for the stock. For a hedge fund managing $92.85 million in assets and having 3+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.
The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Kelly Cardwell’s Central Square Management Llc’s US equities portfolio is in this sector.
Pico Holdings Inc New Institutional Sentiment
Latest Security and Exchange filings show 89 investors own Pico Holdings Inc New. The institutional ownership in Q3 2015 is high, at 81.19% of the outstanding shares. This is decreased by 1446710 the total institutional shares. 18713918 were the shares owned by these institutional investors. In total 8 funds opened new Pico Holdings Inc New stakes, 34 increased stakes. There were 9 that closed positions and 31 reduced them.
Rhj International Sa is an institutional investor bullish on Pico Holdings Inc New, owning 2717163 shares as of Q3 2015 for 1.04% of its portfolio. Van Den Berg Management I Inc owns 1113000 shares or 1.38% of its portfolio. NY Bandera Partners Llc have 2.49% of their stock portfolio for 438036 shares. Further, Robotti Robert reported stake worth 0.99% of its US stock portfolio. The IL Central Square Management Llc owns 1320370 shares. Pico Holdings Inc New is 13.68% of the manager’s US portfolio.
PICO Holdings, Inc. (PICO) is a holding company. The Company’s segments include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. PICO’s subsidiary, Vidler Water Company, Inc. (Vidler), acquires and develops water resources and water storage operations in the southwestern United States, with assets and operations in Nevada, Arizona, Colorado and New Mexico. PICO develops new sources of water for municipal and industrial use, either from existing supplies of water, such as water used for agricultural purposes, acquiring unappropriated water, or discovering new water sources. The Real Estate Operations are conducted through UCP, Inc., which is a homebuilder and land developer in markets located in California, Washington State, North Carolina, South Carolina and Tennessee. The Corporate segment includes its investments in small businesses, typically venture capital-type situations and also includes the results from a portfolio of equity securities.
SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.
Insitutional Activity: The institutional sentiment decreased to 0.76 in 2016 Q2. Its down 0.81, from 1.57 in 2016Q1. The ratio dived, as 11 funds sold all PICO Holdings Inc shares owned while 34 reduced positions. 6 funds bought stakes while 28 increased positions. They now own 16.05 million shares or 16.39% less from 19.19 million shares in 2016Q1.
Mraz Amerine & Associates accumulated 0.41% or 124,217 shares. Pnc Service Gru Inc accumulated 2,499 shares or 0% of the stock. Gru One Trading Limited Partnership owns 1,526 shares or 0% of their US portfolio. Moreover, Hightower Advsrs Lc has 0% invested in PICO Holdings Inc (NASDAQ:PICO) for 24,060 shares. Schwab Charles Inv Mngmt Inc accumulated 82,030 shares or 0% of the stock. Tower Research Ltd Com (Trc) reported 172 shares or 0% of all its holdings. Bard Assoc holds 0.52% of its portfolio in PICO Holdings Inc (NASDAQ:PICO) for 104,575 shares. The Ontario – Canada-based Royal Commercial Bank Of Canada has invested 0% in PICO Holdings Inc (NASDAQ:PICO). Robotti Robert, a New York-based fund reported 237,805 shares. Kazazian Asset Mngmt Ltd Limited Liability Company holds 0.21% or 13,505 shares in its portfolio. The Us-based Ancora Advsr Lc has invested 0.12% in PICO Holdings Inc (NASDAQ:PICO). Moreover, Blackrock Group Incorporated has 0% invested in PICO Holdings Inc (NASDAQ:PICO) for 26,180 shares. First Foundation Advisors has 960,983 shares for 0.65% of their US portfolio. The North Carolina-based Financial Bank Of America De has invested 0% in PICO Holdings Inc (NASDAQ:PICO). Moreover, Fmr Limited Com has 0% invested in PICO Holdings Inc (NASDAQ:PICO) for 48,568 shares.
Analysts await PICO Holdings Inc (NASDAQ:PICO) to report earnings on November, 14.
About 35,948 shares traded hands. PICO Holdings Inc (NASDAQ:PICO) has risen 37.89% since February 29, 2016 and is uptrending. It has outperformed by 25.68% the S&P500.
PICO Holdings, Inc. is a holding company. The company has a market cap of $272.66 million. The Company’s divisions include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate. It currently has negative earnings. PICO’s subsidiary, Vidler Water Company, Inc. (Vidler), acquires and develops water resources and water storage activities in the southwestern United States, with assets and activities in Nevada, Arizona, Colorado and New Mexico.
More notable recent PICO Holdings Inc (NASDAQ:PICO) news were published by: Finance.Yahoo.com which released: “PICO Holdings, Inc. Announces Results for the Second Quarter of 2016” on August 08, 2016, also Barrons.com with their article: “PICO Holdings Inc.” published on August 31, 2015, Barrons.com published: “A Turnaround Is in the Works at PICO Holdings” on September 17, 2016. More interesting news about PICO Holdings Inc (NASDAQ:PICO) were released by: Globenewswire.com and their article: “PICO Holdings, Inc. Announces Agreement to Sell Substantially All of the …” published on July 14, 2015 as well as Seekingalpha.com‘s news article titled: “PICO Holdings: Activist Embattled Conglomerate With Catalysts” with publication date: November 08, 2015.
According to Zacks Investment Research, “PICO Holdings, Inc. is a diversified holding company.”
PICO Company Profile
PICO Holdings, Inc. (PICO), incorporated on January 15, 1981, is a holding company. The Company’s divisions include Water Resource and Water Storage Operations; Real Estate Operations, and Corporate.
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