Raymond James Financial Services Advisors Inc. boosted its position in shares of AquaVenture Holdings (NYSE:WAAS) by 41.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,285 shares of the company’s stock after buying an additional 8,863 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.11% of AquaVenture worth $470,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WAAS. The Manufacturers Life Insurance Company increased its position in AquaVenture by 61.7% during the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the company’s stock worth $173,000 after buying an additional 4,324 shares during the period. New York State Common Retirement Fund increased its position in AquaVenture by 93.9% during the second quarter. New York State Common Retirement Fund now owns 12,800 shares of the company’s stock worth $195,000 after buying an additional 6,199 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in AquaVenture during the third quarter worth approximately $260,000. Highbridge Capital Management LLC increased its position in AquaVenture by 32.6% during the third quarter. Highbridge Capital Management LLC now owns 21,646 shares of the company’s stock worth $292,000 after buying an additional 5,325 shares during the period. Finally, California State Teachers Retirement System increased its position in AquaVenture by 39.5% during the second quarter. California State Teachers Retirement System now owns 20,500 shares of the company’s stock worth $312,000 after buying an additional 5,800 shares during the period. 35.76% of the stock is currently owned by institutional investors.
In other AquaVenture news, CEO Douglas R. Brown acquired 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were purchased at an average price of $13.67 per share, with a total value of $683,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,534,042 shares of the company’s stock, valued at approximately $20,970,354.14. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 55.90% of the company’s stock.
A number of research analysts have recently issued reports on the company. Zacks Investment Research raised AquaVenture from a “sell” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, March 7th. ValuEngine raised AquaVenture from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $18.00 target price on shares of AquaVenture in a report on Friday, March 30th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.40.
Shares of NYSE:WAAS traded down $0.26 during trading on Friday, reaching $12.80. The company had a trading volume of 136,030 shares, compared to its average volume of 200,609. The firm has a market cap of $338.60, a P/E ratio of -13.06 and a beta of 1.24. The company has a current ratio of 6.12, a quick ratio of 5.79 and a debt-to-equity ratio of 0.48. AquaVenture Holdings has a fifty-two week low of $10.87 and a fifty-two week high of $18.83.
AquaVenture (NYSE:WAAS) last released its earnings results on Thursday, March 1st. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.24) by ($0.01). AquaVenture had a negative net margin of 21.29% and a negative return on equity of 7.19%. The company had revenue of $32.36 million during the quarter, compared to analyst estimates of $31.58 million. During the same period in the previous year, the firm posted ($0.28) EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. research analysts forecast that AquaVenture Holdings will post -0.64 EPS for the current fiscal year.
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AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.
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