The stock of PICO Holdings Inc (NASDAQ:PICO) hit a new 52-week high and has $25.76 target or 84.00% above today’s $14.00 share price. The 9 months bullish chart indicates low risk for the $327.88M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $25.76 price target is reached, the company will be worth $275.42 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. The stock increased 4.87% or $0.65 during the last trading session, hitting $14. About 137,737 shares traded hands or 61.63% up from the average. PICO Holdings Inc (NASDAQ:PICO) has risen 28.00% since April 11, 2016 and is uptrending. It has outperformed by 21.85% 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 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.
The Pennsylvania-based Pnc Group Inc has invested 0% in PICO Holdings Inc (NASDAQ:PICO). Lee Danner Bass holds 0.05% or 44,000 shares in its portfolio. Sheets Smith Wealth Management last reported 11,185 shares in the company. Brave Asset holds 0.02% or 3,500 shares in its portfolio. Ladenburg Thalmann Services Inc holds 1,442 shares or 0% of its portfolio. Moreover, Price T Rowe Assoc Md has 0% invested in PICO Holdings Inc (NASDAQ:PICO) for 14,668 shares. State Bank Of New York Mellon accumulated 99,659 shares or 0% of the stock. Alliancebernstein L P holds 0% or 12,740 shares in its portfolio. Robotti Robert has invested 0.81% of its portfolio in PICO Holdings Inc (NASDAQ:PICO). Manchester Capital Limited Co reported 277 shares or 0% of all its holdings. Millennium Mgmt Ltd has 0% invested in the company for 24,256 shares. Dimensional Fund Advsr Ltd Partnership holds 0.01% of its portfolio in PICO Holdings Inc (NASDAQ:PICO) for 930,698 shares. Ameriprise Fincl has 704,784 shares for 0% of their US portfolio. Great West Life Assurance Co Can has invested 0% of its portfolio in PICO Holdings Inc (NASDAQ:PICO). Nationwide Fund Advisors holds 21,822 shares or 0% of its portfolio.
More notable recent PICO Holdings Inc (NASDAQ:PICO) news were published by: Marketwatch.com which released: “PICO Holdings Inc.” on April 18, 2011, also Globenewswire.com with their article: “PICO Holdings, Inc. Announces Results for the Third Quarter of 2016” published on November 02, 2016, Finance.Yahoo.com published: “PICO Holdings, Inc. to Host Investor Conference Call and Webcast on November …” on October 24, 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 Streetinsider.com‘s news article titled: “PICO Holdings (PICO) Terminates CEO Hart; Synthonics Investigation Concluded” with publication date: October 12, 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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