Atria Investments Inc Boosts Position in Consolidated Water Co. Ltd. $CWCO

Atria Investments Inc raised its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 23.0% during the 2nd quarter, Holdings Channel reports. The firm owned 27,228 shares of the utilities provider’s stock after acquiring an additional 5,085 shares during the quarter. Atria Investments Inc’s holdings in Consolidated Water were worth $817,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. acquired a new position in Consolidated Water during the first quarter worth about $244,000. Goldman Sachs Group Inc. increased its stake in shares of Consolidated Water by 8.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock worth $4,189,000 after purchasing an additional 13,061 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in shares of Consolidated Water during the 1st quarter worth approximately $3,687,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Consolidated Water during the 1st quarter worth approximately $273,000. Finally, TrueMark Investments LLC purchased a new stake in Consolidated Water in the 2nd quarter valued at approximately $1,490,000. Institutional investors and hedge funds own 55.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CWCO. Weiss Ratings raised Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Wall Street Zen lowered Consolidated Water from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Roth Capital lifted their price objective on Consolidated Water from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $40.00.

Insider Transactions at Consolidated Water

In related news, Director Raymond Whittaker sold 4,755 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $33.35, for a total transaction of $158,579.25. Following the completion of the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $33,350. This represents a 82.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.25% of the company’s stock.

Consolidated Water Trading Up 1.9%

Consolidated Water stock opened at $34.81 on Friday. The stock has a fifty day moving average price of $34.34 and a 200 day moving average price of $30.54. Consolidated Water Co. Ltd. has a 52 week low of $22.69 and a 52 week high of $36.88. The firm has a market capitalization of $554.42 million, a P/E ratio of 37.03 and a beta of 0.51.

Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings results on Monday, August 11th. The utilities provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.20 by $0.12. Consolidated Water had a return on equity of 7.77% and a net margin of 12.24%.The company had revenue of $33.59 million during the quarter, compared to analysts’ expectations of $32.75 million. As a group, equities analysts predict that Consolidated Water Co. Ltd. will post 1.27 EPS for the current year.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Wednesday, October 1st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Wednesday, October 1st. Consolidated Water’s payout ratio is presently 59.57%.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.