24,015 Shares in Consolidated Water Co. Ltd. $CWCO Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) in the second quarter, HoldingsChannel.com reports. The firm acquired 24,015 shares of the utilities provider’s stock, valued at approximately $721,000.

Several other large investors have also bought and sold shares of CWCO. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Consolidated Water in the second quarter worth approximately $30,000. CWM LLC raised its holdings in Consolidated Water by 228.6% in the 1st quarter. CWM LLC now owns 1,860 shares of the utilities provider’s stock worth $46,000 after acquiring an additional 1,294 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Consolidated Water in the 1st quarter valued at approximately $60,000. Byrne Asset Management LLC lifted its position in Consolidated Water by 35.9% in the 2nd quarter. Byrne Asset Management LLC now owns 2,254 shares of the utilities provider’s stock valued at $68,000 after acquiring an additional 595 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its stake in Consolidated Water by 16.3% during the 2nd quarter. Copeland Capital Management LLC now owns 3,232 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 454 shares during the last quarter. 55.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Consolidated Water

In related news, Director Raymond Whittaker sold 4,755 shares of the firm’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 value of $158,579.25. Following the transaction, the director owned 1,000 shares of the company’s stock, valued at approximately $33,350. This trade represents a 82.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 6.25% of the stock is owned by company insiders.

Analysts Set New Price Targets

CWCO has been the topic of a number of research analyst reports. Weiss Ratings raised Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Roth Capital lifted their price objective on Consolidated Water from $38.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, August 13th. Finally, Wall Street Zen cut shares of Consolidated Water from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $40.00.

Consolidated Water Price Performance

CWCO stock opened at $35.93 on Friday. Consolidated Water Co. Ltd. has a 1 year low of $22.69 and a 1 year high of $38.36. The company has a market cap of $572.26 million, a P/E ratio of 38.22 and a beta of 0.51. The stock’s fifty day moving average price is $34.59 and its 200-day moving average price is $30.88.

Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings data on Monday, November 10th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. Consolidated Water had a return on equity of 7.77% and a net margin of 12.24%.The company had revenue of $35.12 million during the quarter, compared to analysts’ expectations of $32.90 million. As a group, analysts expect that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.

Consolidated Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Wednesday, October 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, October 1st. Consolidated Water’s dividend payout ratio is 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.