37,458 Shares in Consolidated Water Co. Ltd. $CWCO Acquired by Arrowstreet Capital Limited Partnership

Key Points

• Arrowstreet Capital acquired 37,458 shares of Consolidated Water during the first quarter, worth approximately $1.24 million and representing about 0.23% of the company. Institutional investors collectively own 55.16% of CWCO.
• Consolidated Water reported quarterly EPS of $0.24, below the $0.27 consensus estimate, while revenue of $29.97 million also missed expectations of $31.90 million. Analysts expect full-year EPS of $0.94.
• The company maintains a quarterly dividend of $0.14 per share, or $0.56 annually, yielding about 1.9%. CWCO has a consensus Hold rating and a $40 price target, compared with a recent share price of $29.92.

Arrowstreet Capital Limited Partnership purchased a new stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 37,458 shares of the utilities provider's stock, valued at approximately $1,241,000. Arrowstreet Capital Limited Partnership owned approximately 0.23% of Consolidated Water as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CWCO. Caitong International Asset Management Co. Ltd boosted its stake in shares of Consolidated Water by 1,467.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 768 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 719 shares during the period. Quarry LP acquired a new position in Consolidated Water in the 3rd quarter worth $40,000. Tower Research Capital LLC TRC lifted its holdings in Consolidated Water by 335.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider's stock worth $45,000 after buying an additional 1,165 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Consolidated Water in the 4th quarter valued at about $51,000. Finally, State of Alaska Department of Revenue boosted its position in Consolidated Water by 382.7% in the 4th quarter. State of Alaska Department of Revenue now owns 2,317 shares of the utilities provider's stock valued at $80,000 after buying an additional 1,837 shares during the last quarter. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Water Price Performance

Shares of CWCO opened at $29.92 on Friday. Consolidated Water Co. Ltd. has a 12 month low of $28.17 and a 12 month high of $39.12. The stock has a fifty day moving average price of $29.51 and a 200 day moving average price of $32.60. The company has a market cap of $478.72 million, a P/E ratio of 33.24 and a beta of 0.51.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The utilities provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.03). Consolidated Water had a net margin of 13.50% and a return on equity of 7.81%. The firm had revenue of $29.97 million during the quarter, compared to analyst estimates of $31.90 million. As a group, research analysts anticipate that Consolidated Water Co. Ltd. will post 0.94 earnings per share for the current year.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, July 1st. Consolidated Water's dividend payout ratio is currently 62.22%.

Wall Street Analyst Weigh In

CWCO has been the subject of a number of recent analyst reports. Weiss Ratings lowered Consolidated Water from a "hold (c+)" rating to a "hold (c)" rating in a research note on Tuesday, July 7th. Wall Street Zen lowered Consolidated Water from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $40.00.

Consolidated Water Company Profile

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.

Want to see what other hedge funds are holding CWCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source