Heartland Advisors Inc. Has $6.62 Million Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Key Points

• Heartland Advisors Inc. increased its stake in Consolidated Water Co. Ltd. by 146.8% during the first quarter, owning approximately 1.70% of the company worth $6,615,000 after acquiring an additional 160,657 shares.
• Several large investors have made significant modifications to their holdings in Consolidated Water, contributing to institutional ownership of over 55.16% of the company's stock.
• Consolidated Water recently declared a quarterly dividend of $0.14, reflecting a boost from its previous dividend of $0.11, with a dividend yield of 1.89%.

Heartland Advisors Inc. increased its holdings in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 146.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,100 shares of the utilities provider's stock after acquiring an additional 160,657 shares during the period. Heartland Advisors Inc. owned about 1.70% of Consolidated Water worth $6,615,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Avantax Advisory Services Inc. bought a new stake in shares of Consolidated Water during the first quarter worth $244,000. Journey Strategic Wealth LLC raised its position in shares of Consolidated Water by 7.0% during the first quarter. Journey Strategic Wealth LLC now owns 9,776 shares of the utilities provider's stock worth $239,000 after acquiring an additional 638 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Consolidated Water during the first quarter worth $273,000. CWM LLC raised its position in shares of Consolidated Water by 228.6% during the first 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. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Consolidated Water by 4.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 59,576 shares of the utilities provider's stock worth $1,459,000 after purchasing an additional 2,323 shares during the last quarter. 55.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Consolidated Water Trading Down 0.2%

Shares of NASDAQ:CWCO traded down $0.06 during midday trading on Friday, hitting $29.66. The company had a trading volume of 63,371 shares, compared to its average volume of 102,117. Consolidated Water Co. Ltd. has a 12 month low of $22.69 and a 12 month high of $31.30. The stock has a market cap of $472.19 million, a price-to-earnings ratio of 18.31 and a beta of 0.47. The firm has a fifty day simple moving average of $28.88 and a 200 day simple moving average of $26.76.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. Consolidated Water had a return on equity of 7.43% and a net margin of 20.75%. The business had revenue of $33.72 million for the quarter, compared to analyst estimates of $32.30 million. Equities analysts forecast that Consolidated Water Co. Ltd. will post 1.27 EPS for the current fiscal year.

Consolidated Water Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 1st will be paid a $0.14 dividend. This is an increase from Consolidated Water's previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.89%. Consolidated Water's dividend payout ratio (DPR) is currently 34.57%.

About Consolidated Water

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.