Fmr LLC acquired a new stake in AquaVenture Holdings Ltd (NYSE:WAAS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,628 shares of the company’s stock, valued at approximately $243,000. Fmr LLC owned 0.06% of AquaVenture at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the business. Rhumbline Advisers purchased a new position in shares of AquaVenture during the 2nd quarter valued at $164,000. Dimensional Fund Advisors LP purchased a new position in shares of AquaVenture during the 1st quarter valued at $174,000. A.R.T. Advisors LLC purchased a new position in shares of AquaVenture during the 1st quarter valued at $197,000. Highbridge Capital Management LLC purchased a new position in shares of AquaVenture during the 1st quarter valued at $269,000. Finally, Element Capital Management LLC purchased a new position in shares of AquaVenture during the 1st quarter valued at $346,000. Hedge funds and other institutional investors own 33.77% of the company’s stock.
WAAS has been the topic of a number of recent research reports. JMP Securities upped their price target on AquaVenture from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, August 9th. Raymond James cut AquaVenture from a “strong-buy” rating to an “outperform” rating and set a $22.00 price objective on the stock. in a report on Tuesday, October 2nd. TheStreet raised AquaVenture from a “d” rating to a “c-” rating in a report on Monday, August 20th. Zacks Investment Research cut AquaVenture from a “buy” rating to a “hold” rating in a report on Thursday, September 6th. Finally, Lake Street Capital assumed coverage on AquaVenture in a report on Friday, August 17th. They set a “buy” rating and a $29.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. AquaVenture has an average rating of “Buy” and a consensus target price of $22.29.
Shares of WAAS opened at $18.65 on Friday. The stock has a market cap of $480.32 million, a P/E ratio of -19.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.49, a quick ratio of 5.74 and a current ratio of 6.17. AquaVenture Holdings Ltd has a 52-week low of $10.87 and a 52-week high of $20.49.
AquaVenture (NYSE:WAAS) last issued its quarterly earnings data on Wednesday, August 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.01. The business had revenue of $34.45 million for the quarter, compared to analysts’ expectations of $32.64 million. AquaVenture had a negative return on equity of 7.34% and a negative net margin of 19.75%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.21) EPS. As a group, research analysts expect that AquaVenture Holdings Ltd will post -0.83 EPS for the current year.
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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