LSV Asset Management reduced its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 13.8% during the first quarter, Holdings Channel reports. The institutional investor owned 392,050 shares of the utilities provider’s stock after selling 62,577 shares during the period. LSV Asset Management’s holdings in Consolidated Water were worth $5,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Martingale Asset Management L P boosted its stake in shares of Consolidated Water by 34.4% in the 4th quarter. Martingale Asset Management L P now owns 16,002 shares of the utilities provider’s stock worth $202,000 after buying an additional 4,100 shares during the last quarter. Clarus Wealth Advisors purchased a new position in shares of Consolidated Water in the 4th quarter worth $214,000. Macquarie Group Ltd. boosted its stake in shares of Consolidated Water by 2,161.3% in the 4th quarter. Macquarie Group Ltd. now owns 24,806 shares of the utilities provider’s stock worth $313,000 after buying an additional 23,709 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Consolidated Water by 22.6% in the 4th quarter. Wells Fargo & Company MN now owns 27,570 shares of the utilities provider’s stock worth $347,000 after buying an additional 5,090 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in Consolidated Water by 47.8% in the 4th quarter. Deutsche Bank AG now owns 35,930 shares of the utilities provider’s stock worth $449,000 after purchasing an additional 11,619 shares during the period. Hedge funds and other institutional investors own 54.86% of the company’s stock.
Shares of Consolidated Water stock opened at $12.75 on Monday. Consolidated Water Co. Ltd. has a one year low of $11.20 and a one year high of $15.35. The firm has a market capitalization of $190.73 million, a P/E ratio of 22.37, a P/E/G ratio of 2.80 and a beta of 0.62.
Consolidated Water (NASDAQ:CWCO) last announced its earnings results on Friday, May 11th. The utilities provider reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). Consolidated Water had a return on equity of 5.46% and a net margin of 9.05%. The company had revenue of $15.34 million during the quarter, compared to the consensus estimate of $17.30 million. analysts anticipate that Consolidated Water Co. Ltd. will post 0.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 30th. Investors of record on Monday, April 2nd were issued a $0.085 dividend. The ex-dividend date of this dividend was Thursday, March 29th. This represents a $0.34 dividend on an annualized basis and a yield of 2.67%. Consolidated Water’s dividend payout ratio is currently 69.39%.
A number of equities analysts recently commented on the company. Zacks Investment Research raised Consolidated Water from a “sell” rating to a “hold” rating in a report on Thursday, May 10th. ValuEngine raised Consolidated Water from a “hold” rating to a “buy” rating in a report on Sunday, May 13th. Finally, Roth Capital set a $17.00 target price on Consolidated Water and gave the stock a “buy” rating in a report on Friday, March 23rd.
Consolidated Water Profile
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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