Commonwealth Equity Services LLC Raises Stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Commonwealth Equity Services LLC increased its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 74.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,713 shares of the utilities provider’s stock after buying an additional 13,095 shares during the period. Commonwealth Equity Services LLC’s holdings in Consolidated Water were worth $350,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Marshall Wace LLP raised its stake in Consolidated Water by 416.9% in the 1st quarter. Marshall Wace LLP now owns 28,979 shares of the utilities provider’s stock valued at $373,000 after purchasing an additional 23,373 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of Consolidated Water by 12.7% during the 2nd quarter. WINTON GROUP Ltd now owns 33,447 shares of the utilities provider’s stock valued at $392,000 after acquiring an additional 3,778 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Consolidated Water during the 2nd quarter worth about $764,000. Panagora Asset Management Inc. grew its holdings in shares of Consolidated Water by 73.8% during the 2nd quarter. Panagora Asset Management Inc. now owns 42,613 shares of the utilities provider’s stock worth $500,000 after purchasing an additional 18,090 shares during the period. Finally, Ergoteles LLC purchased a new stake in shares of Consolidated Water during the 2nd quarter worth about $819,000. Institutional investors and hedge funds own 40.88% of the company’s stock.

NASDAQ CWCO opened at $10.08 on Friday. Consolidated Water Co. Ltd. has a fifty-two week low of $9.88 and a fifty-two week high of $15.37. The business has a 50 day moving average price of $10.91 and a two-hundred day moving average price of $11.53.

Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings results on Monday, November 15th. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.05). The firm had revenue of $16.41 million for the quarter, compared to analyst estimates of $16.20 million. Consolidated Water had a net margin of 0.19% and a return on equity of 2.95%. During the same period in the prior year, the company posted $0.12 earnings per share. As a group, sell-side analysts forecast that Consolidated Water Co. Ltd. will post 0.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 31st. Stockholders of record on Monday, January 3rd will be issued a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Friday, December 31st.

About Consolidated Water

Consolidated Water Co Ltd. engages in the development and operation of seawater desalination plants and water distribution systems. It operates through the following segments: Retail, Bulk, Services, and Manufacturing. The Retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Islands.

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Institutional Ownership by Quarter for Consolidated Water (NASDAQ:CWCO)

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