The stock of PICO Holdings Inc (NASDAQ:PICO) hit a new 52-week high and has $26.86 target or 130.00% above today’s $11.68 share price. The 7 months bullish chart indicates low risk for the $271.20M company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $26.86 price target is reached, the company will be worth $352.56 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 120,756 shares traded hands or 13.10% up from the average. PICO Holdings Inc (NASDAQ:PICO) has risen 15.77% since March 10, 2016 and is uptrending. It has outperformed by 8.25% 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 Q2 2016. Its down 0.81, from 1.57 in 2016Q1. The ratio dropped, 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 North Carolina-based Carroll Financial Inc has invested 0% in PICO Holdings Inc (NASDAQ:PICO). Public Employees Retirement Association Of Colorado owns 13,836 shares or 0% of their US portfolio. Susquehanna Intll Grp Incorporated Ltd Liability Partnership has 25,265 shares for 0% of their US portfolio. American Int Group accumulated 12,593 shares or 0% of the stock. Metropolitan Life Insurance Ny has 17,390 shares for 0% of their US portfolio. Pnc Financial Group Incorporated last reported 2,499 shares in the company. First Tru Advisors Ltd Partnership last reported 0.01% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 1,506 shares. Manchester Capital Management Lc owns 277 shares or 0% of their US portfolio. Alliancebernstein Limited Partnership holds 12,740 shares or 0% of its portfolio. Citigroup has 0% invested in the company for 15,839 shares. Teacher Retirement System Of Texas accumulated 3,221 shares or 0% of the stock. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in PICO Holdings Inc (NASDAQ:PICO). New York State Common Retirement Fund, a New York-based fund reported 21,000 shares. Brave Asset holds 0.02% of its portfolio in PICO Holdings Inc (NASDAQ:PICO) for 3,500 shares.
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 Reuters.com with their article: “BRIEF-PICO Holdings board announces management changes; Concludes Synthoni…” published on October 12, 2016, Barrons.com published: “PICO Holdings Inc.” on August 31, 2015. More interesting news about PICO Holdings Inc (NASDAQ:PICO) were released by: Barrons.com and their article: “A Turnaround Is in the Works at PICO Holdings” published on September 17, 2016 as well as Globenewswire.com‘s news article titled: “PICO Holdings, Inc. Announces Results for the Second Quarter of 2016” with publication date: August 08, 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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