Ameriprise Financial Inc. Sells 30,716 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Ameriprise Financial Inc. trimmed its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 42.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,278 shares of the utilities provider's stock after selling 30,716 shares during the quarter. Ameriprise Financial Inc. owned about 0.26% of Consolidated Water worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC lifted its stake in shares of Consolidated Water by 59.3% in the 4th quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 640 shares during the period. Allworth Financial LP lifted its stake in shares of Consolidated Water by 643.4% in the 4th quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider's stock valued at $61,000 after purchasing an additional 2,033 shares during the period. Copeland Capital Management LLC increased its position in Consolidated Water by 37.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider's stock valued at $68,000 after buying an additional 717 shares in the last quarter. Quantbot Technologies LP increased its position in Consolidated Water by 1,538.3% in the 4th quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider's stock valued at $103,000 after buying an additional 3,738 shares in the last quarter. Finally, State of Tennessee Department of Treasury bought a new stake in Consolidated Water in the 4th quarter valued at about $149,000. 55.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Consolidated Water from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

Consolidated Water Trading Up 0.1%

Consolidated Water stock traded up $0.04 during midday trading on Thursday, reaching $27.17. The stock had a trading volume of 89,426 shares, compared to its average volume of 109,189. Consolidated Water Co. Ltd. has a 12 month low of $22.69 and a 12 month high of $29.88. The company has a market capitalization of $432.46 million, a P/E ratio of 16.77, a PEG ratio of 2.44 and a beta of 0.39. The company has a fifty day moving average price of $24.80 and a two-hundred day moving average price of $25.84.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. Consolidated Water had a return on equity of 12.98% and a net margin of 23.06%. The business had revenue of $33.72 million during the quarter, compared to analyst estimates of $32.30 million. On average, equities research analysts predict that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.

Consolidated Water Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 1st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.06%. This is a positive change from Consolidated Water's previous quarterly dividend of $0.11. The ex-dividend date is Tuesday, July 1st. Consolidated Water's payout ratio is presently 27.16%.

Consolidated Water 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.