The stock of PICO Holdings Inc (NASDAQ:PICO) hit a new 52-week high and has $36.13 target or 187.00% above today’s $12.59 share price. The 8 months bullish chart indicates low risk for the $300.77M company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $36.13 price target is reached, the company will be worth $562.44 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 103,049 shares traded hands. PICO Holdings Inc (NASDAQ:PICO) has risen 31.82% since March 14, 2016 and is uptrending. It has outperformed by 26.21% the S&P500.
Analysts await PICO Holdings Inc (NASDAQ:PICO) to report earnings on November, 14.
According to Zacks Investment Research, “PICO Holdings, Inc. is a diversified holding company.”
Insitutional Activity: The institutional sentiment decreased to 0.76 in 2016 Q2. Its down 0.81, from 1.57 in 2016Q1. The ratio turned negative, 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.
Teacher Retirement System Of Texas reported 3,221 shares or 0% of all its holdings. Northern Tru Corporation holds 241,856 shares or 0% of its portfolio. Fmr Ltd reported 48,568 shares or 0% of all its holdings. Peak6 Investments Limited Partnership has invested 0% of its portfolio in PICO Holdings Inc (NASDAQ:PICO). Hightower Advsrs Lc last reported 0% of its portfolio in the stock. Blackrock reported 6,105 shares or 0% of all its holdings. National Bank Of America Corp De has invested 0% of its portfolio in PICO Holdings Inc (NASDAQ:PICO). Gsa Capital Llp last reported 0.02% of its portfolio in the stock. Millennium Mngmt Llc accumulated 24,256 shares or 0% of the stock. Citigroup Inc has 0% invested in the company for 15,839 shares. Rhumbline Advisers reported 37,116 shares or 0% of all its holdings. Morgan Stanley last reported 0% of its portfolio in the stock. Ladenburg Thalmann Financial accumulated 0% or 1,442 shares. Tiaa Cref Inv Ltd Liability Co holds 0% of its portfolio in PICO Holdings Inc (NASDAQ:PICO) for 78,886 shares. Blackrock Fund Advsr has 565,654 shares for 0% of their US portfolio.
More notable recent PICO Holdings Inc (NASDAQ:PICO) news were published by: Streetinsider.com which released: “PICO Holdings (PICO) Terminates CEO Hart; Synthonics Investigation Concluded” on October 12, 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 Results for the Second Quarter of 2016” published on August 08, 2016 as well as Globenewswire.com‘s news article titled: “PICO Holdings, Inc. Announces the Sale of a Majority of Its Oil & Gas Assets” with publication date: October 10, 2016.
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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