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Pico Holdings Inc (PICO.OQ)

PICO.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Pico Holdings Unit To Sell Up To 15,000 Long Term Storage Credits For A Base Price Of $350 Each
Tuesday, 5 Dec 2017 04:15pm EST 

Dec 5 (Reuters) - Pico Holdings Inc ::PICO HOLDINGS INC - UNIT HAS ENTERED IN TO AN AGREEMENT TO SELL UP TO 15,000 LONG TERM STORAGE CREDITS FOR A BASE PRICE OF $350 PER LTSC.PICO HOLDINGS INC - UNDER AGREEMENT, LTSCS MAY BE PURCHASED BY RWCD AT ANY TIME OVER TERM OF AGREEMENT WHICH EXPIRES ON DECEMBER 31, 2019.PICO HOLDINGS INC - ANY PURCHASES PRIOR TO DECEMBER 31, 2017 WILL BE AT BASE PRICE OF $350 PER LTSC.PICO HOLDINGS INC - ANY PURCHASES OF LTSCS UNDER AGREEMENT BEGINNING JAN 1, 2018 WILL BE AT A PRICE THAT IS INCREASED FROM BASE PRICE AT 10% PER ANNUM.  Full Article

Pico Holdings Q3 loss per share $0.20
Tuesday, 7 Nov 2017 06:00am EST 

Nov 7 (Reuters) - Pico Holdings Inc ::Pico Holdings Inc. announces results for the third quarter of 2017.Q3 loss per share $0.20.Pico Holdings Inc - qtrly ‍total revenue $205,000 versus $1.2 million​.  Full Article

Pico Holdings announces special dividend of $5.00 per share
Thursday, 26 Oct 2017 04:05pm EDT 

Oct 26 (Reuters) - Pico Holdings Inc :Pico Holdings Inc announces special dividend of $5.00 per share.Pico Holdings Inc - ‍estimates that it will not have any current or accumulated earnings and profits for 2017​.  Full Article

Pico Holdings announces sale of its stake in Century Communities
Wednesday, 4 Oct 2017 06:00am EDT 

Oct 4 (Reuters) - Pico Holdings Inc : :Pico Holdings, Inc announces sale of its stake in Century Communities, Inc.Pico Holdings Inc - deal for ‍approximately $59.2 million​.Pico Holdings Inc - ‍has sold its stake of approximately 2.4 million shares of Century Communities, Inc​.  Full Article

Pico Holdings explores strategic alternatives including possible sale
Monday, 2 Oct 2017 06:00am EDT 

Oct 2 (Reuters) - Pico Holdings Inc ::Pico Holdings Inc. announces exploration of strategic alternatives including possible sale of the company.Pico Holdings Inc. announces exploration of strategic alternatives including possible sale of the company.Pico Holdings - engaged JMP Securities llc as Pico's exclusive financial advisor and Cooley Llp as co's legal counsel to explore strategic alternatives​.Pico-‍in connection with strategic alternatives process, co announced that on Sept 28, Andrew F. Cates resigned as member of board effective immediately​.  Full Article

Pico Holdings reports Q2 earnings per share $0.07
Wednesday, 9 Aug 2017 06:00am EDT 

Aug 9 (Reuters) - Pico Holdings Inc :Pico Holdings, Inc. announces results for the second quarter of 2017.Q2 earnings per share $0.07.Pico Holdings Inc qtrly total revenue $8.6 million versus $850,000.  Full Article

Pico Holdings Inc announces 2017 first quarter results from continuing operations
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - Pico Holdings Inc : :Pico Holdings Inc announces 2017 first quarter results from continuing operations.  Full Article

Century Communities and UCP agree to business combination
Tuesday, 11 Apr 2017 07:30am EDT 

Century Communities Inc : Century Communities and UCP agree to business combination . Combined company will have an equity market capitalization of over $700 million and an enterprise value of over $1.3 billion . Century Communities - in merger, each share of UCP common stock will be converted into right to receive $5.32 in cash, 0.2309 of newly issued share of century common stock . Combined company will own or control approximately 25,000 lots and will have a backlog in excess $450 million . Century Communities - merger expected to be accretive to company's 2018 EPS as result of revenue and cost synergies and economies of scale . Transaction has been unanimously approved by board of directors of both Century and UCP . Century Communities - will fund cash portion of merger with available borrowing capacity under its $400 million senior unsecured credit facility .J.P. Morgan Securities Llc served as financial advisor to Century; Citi acted as financial advisor for UCP.  Full Article

Pico Holdings announces Q4 revenue $113.1 million
Thursday, 2 Mar 2017 06:00am EST 

Pico Holdings Inc : Pico Holdings, Inc. announces fourth quarter and full year 2016 results . Q4 loss per share $0.38 . Qtrly total revenue $ 113.1 million versus. $108.1 million . Pico Holdings Inc - Qtrly total revenue $113.1 million versus $ 108.1 million . Pico Holdings Inc - UCP's unit backlog at December 31, 2016 was $149.6 million (362 units) compared to $108.8 million (249 units) at December 31, 2015 .Pico Holdings Inc - During 2016, also accrued severance expense to former CEO of $10.4 million.  Full Article

Pico Holdings announces governance enhancements and changes
Friday, 2 Dec 2016 06:30am EST 

Pico Holdings Inc - : Announces governance enhancements and changes . Says accelerated de-staggering of board prior to 2017 annual meeting . Pico has agreed to terminate settlement agreement dated March 18, 2016 with Central Square Management Llc . Says board to be downsized to 5 directors following 2017 annual meeting . Board has fixed date of 2017 annual meeting of shareholders to be held on May 4, 2017 . Announced that Marino has resigned as chairman . Pico Holdings -"Board believes that combining chairman and chief executive officer positions is most efficient structure for company at this time" . Board has also undertaken a process of reviewing compensation program for non-employee directors . Maxim Webb, CEO and a director, has been elected to additional position of chairman of board, effective immediately . Effect of resignations is that entire pico board will stand for election for 1-year term at 2017 annual meeting, each meeting thereafter .While no terms are final, max has agreed his base salary will remain at level at which it was set prior to his promotion to CEO.  Full Article

BRIEF-Pico Holdings Q3 loss per share $0.20

* Pico Holdings Inc. announces results for the third quarter of 2017