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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Geode Capital Management LLC raised its holdings in Consolidated Water by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 438,223 shares of the utilities provider's stock worth $11,347,000 after acquiring an additional 15,060 shares in the last quarter. Invesco Ltd. raised its holdings in Consolidated Water by 6.8% during the fourth quarter. Invesco Ltd. now owns 240,544 shares of the utilities provider's stock worth $6,228,000 after acquiring an additional 15,263 shares in the last quarter. Penn Capital Management Company LLC raised its holdings in Consolidated Water by 6.2% during the fourth quarter. Penn Capital Management Company LLC now owns 195,608 shares of the utilities provider's stock worth $5,064,000 after acquiring an additional 11,351 shares in the last quarter. Northern Trust Corp raised its holdings in Consolidated Water by 32.9% during the fourth quarter. Northern Trust Corp now owns 194,024 shares of the utilities provider's stock worth $5,023,000 after acquiring an additional 47,982 shares in the last quarter. Finally, Wasatch Advisors LP bought a new stake in Consolidated Water during the fourth quarter worth about $4,443,000. Institutional investors own 55.16% of the company's stock.

Wall Street Analysts Forecast Growth

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

Consolidated Water Stock Performance

CWCO traded up $0.11 on Wednesday, hitting $29.91. 22,729 shares of the company were exchanged, compared to its average volume of 126,496. Consolidated Water Co. Ltd. has a 12 month low of $22.69 and a 12 month high of $31.30. The company has a market cap of $476.00 million, a PE ratio of 18.44 and a beta of 0.47. The stock's fifty day moving average is $29.00 and its 200-day moving average is $26.81.

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

Consolidated Water Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Tuesday, July 1st. This is an increase from Consolidated Water's previous quarterly dividend of $0.11. Consolidated Water's payout ratio is 34.57%.

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.