IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,226 shares of the utilities provider's stock, valued at approximately $446,000. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.11% of Consolidated Water as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of CWCO. Raiffeisen Bank International AG grew its holdings in shares of Consolidated Water by 96.0% during the first quarter. Raiffeisen Bank International AG now owns 19,604 shares of the utilities provider's stock valued at $479,000 after buying an additional 9,604 shares in the last quarter. Seizert Capital Partners LLC purchased a new position in shares of Consolidated Water during the first quarter valued at $3,687,000. XTX Topco Ltd grew its holdings in shares of Consolidated Water by 83.3% during the first quarter. XTX Topco Ltd now owns 14,537 shares of the utilities provider's stock valued at $356,000 after buying an additional 6,606 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Consolidated Water by 3.6% during the first quarter. Federated Hermes Inc. now owns 26,084 shares of the utilities provider's stock valued at $639,000 after buying an additional 904 shares in the last quarter. Finally, Heartland Advisors Inc. grew its holdings in shares of Consolidated Water by 146.8% during the first quarter. Heartland Advisors Inc. now owns 270,100 shares of the utilities provider's stock valued at $6,615,000 after buying an additional 160,657 shares in the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.
Consolidated Water Stock Performance
Shares of CWCO stock traded up $0.39 on Friday, reaching $29.29. 55,774 shares of the company's stock traded hands, compared to its average volume of 97,268. 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 capitalization of $466.30 million, a P/E ratio of 18.08 and a beta of 0.53. The business's 50 day moving average price is $29.34 and its two-hundred day moving average price is $26.97.
Consolidated Water (NASDAQ:CWCO - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $32.30 million. Research analysts predict that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.
Consolidated Water Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Tuesday, July 1st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.9%. This is an increase from Consolidated Water's previous quarterly dividend of $0.11. The ex-dividend date was Tuesday, July 1st. Consolidated Water's dividend payout ratio is presently 34.57%.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Consolidated Water from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.
Get Our Latest Report on CWCO
Consolidated Water Profile
(
Free Report)
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.
Further Reading
Before you consider Consolidated Water, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Consolidated Water wasn't on the list.
While Consolidated Water currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
