Consolidated Water Co. Ltd. $CWCO Stock Sold by CenterBook Partners LP

CenterBook Partners LP cut its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 70.8% during the third quarter, HoldingsChannel reports. The firm owned 9,162 shares of the utilities provider’s stock after selling 22,244 shares during the quarter. CenterBook Partners LP’s holdings in Consolidated Water were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Consolidated Water by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 293,593 shares of the utilities provider’s stock valued at $9,724,000 after acquiring an additional 3,210 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Consolidated Water during the 1st quarter worth approximately $1,241,000. Quantinno Capital Management LP boosted its position in shares of Consolidated Water by 62.6% during the 1st quarter. Quantinno Capital Management LP now owns 18,232 shares of the utilities provider’s stock worth $604,000 after purchasing an additional 7,021 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Consolidated Water by 65.2% in the third quarter. Commonwealth Equity Services LLC now owns 18,591 shares of the utilities provider’s stock valued at $521,000 after buying an additional 7,338 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Consolidated Water by 11.1% in the first quarter. Lazard Asset Management LLC now owns 14,678 shares of the utilities provider’s stock valued at $486,000 after buying an additional 1,470 shares in the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CWCO shares. Zacks Research upgraded Consolidated Water from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Weiss Ratings downgraded Consolidated Water from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, Wall Street Zen lowered shares of Consolidated Water from a “hold” rating to a “sell” rating in a research report on Saturday. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Consolidated Water has a consensus rating of “Hold”.

Consolidated Water Stock Performance

CWCO stock opened at $24.90 on Friday. Consolidated Water Co. Ltd. has a 1 year low of $24.86 and a 1 year high of $39.12. The stock’s 50 day moving average price is $28.11 and its 200 day moving average price is $31.08. The firm has a market cap of $398.65 million, a P/E ratio of 30.00 and a beta of 0.56.

Consolidated Water (NASDAQ:CWCO) last announced its earnings results on Monday, November 9th. The utilities provider reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). Consolidated Water had a return on equity of 5.81% and a net margin of 10.49%. The firm had revenue of $30.92 million for the quarter, compared to analyst estimates of $32.10 million. On average, research analysts predict that Consolidated Water Co. Ltd. will post 0.87 earnings per share for the current year.

Consolidated Water Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 1st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, October 1st. Consolidated Water’s dividend payout ratio is 67.47%.

Insider Transactions at Consolidated Water

In other news, Director Raymond Whittaker sold 1,000 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $28.93, for a total transaction of $28,930.00. Following the transaction, the director directly owned 2,038 shares of the company’s stock, valued at approximately $58,959.34. The trade was a 32.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.81% of the company’s stock.

Consolidated Water Profile

Consolidated Water Co. Ltd. develops and operates water treatment and desalination facilities, with a focus on seawater reverse osmosis. The company produces and supplies potable water to public utilities and other customers, and provides engineering, procurement, construction and operating services for water projects. Founded in 1970, the company has a longstanding presence in the Caribbean. Its water operations include the Cayman Islands and the Bahamas, and it has also served customers in the British Virgin Islands.