Consolidated Water (NASDAQ:CWCO) was upgraded by investment analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, March 15th.
A number of other research analysts have also weighed in on CWCO. TheStreet raised shares of Consolidated Water from a “c+” rating to a “b-” rating in a report on Friday, November 24th. Zacks Investment Research raised shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.
CWCO traded down $0.15 during trading on Thursday, reaching $13.55. 32,538 shares of the company traded hands, compared to its average volume of 54,602. Consolidated Water has a 12-month low of $11.05 and a 12-month high of $15.35. The firm has a market cap of $204.76, a P/E ratio of 27.65, a price-to-earnings-growth ratio of 3.11 and a beta of 0.62.
Several large investors have recently added to or reduced their stakes in the company. Fairpointe Capital LLC bought a new stake in shares of Consolidated Water during the fourth quarter worth $822,000. Macquarie Group Ltd. lifted its position in shares of Consolidated Water by 2,161.3% during the fourth quarter. Macquarie Group Ltd. now owns 24,806 shares of the utilities provider’s stock worth $313,000 after purchasing an additional 23,709 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Consolidated Water by 24.7% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 90,750 shares of the utilities provider’s stock worth $1,144,000 after purchasing an additional 17,985 shares during the last quarter. Two Sigma Investments LP lifted its position in shares of Consolidated Water by 32.3% during the fourth quarter. Two Sigma Investments LP now owns 41,669 shares of the utilities provider’s stock worth $525,000 after purchasing an additional 10,165 shares during the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Consolidated Water by 36.7% in the fourth quarter. Two Sigma Advisers LP now owns 41,100 shares of the utilities provider’s stock valued at $518,000 after acquiring an additional 11,025 shares in the last quarter. Institutional investors and hedge funds own 51.73% of the company’s stock.
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Consolidated Water Company Profile
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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