Northern Trust Corp increased its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 194,024 shares of the utilities provider's stock after buying an additional 47,982 shares during the period. Northern Trust Corp owned 1.22% of Consolidated Water worth $5,023,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of CWCO. Wasatch Advisors LP bought a new position in Consolidated Water in the 4th quarter worth approximately $4,443,000. Heartland Advisors Inc. bought a new position in Consolidated Water in the 4th quarter worth approximately $2,833,000. Inspire Investing LLC bought a new position in Consolidated Water in the 4th quarter worth approximately $849,000. Trexquant Investment LP boosted its holdings in Consolidated Water by 284.8% in the 4th quarter. Trexquant Investment LP now owns 43,381 shares of the utilities provider's stock worth $1,123,000 after buying an additional 32,106 shares during the period. Finally, Illumine Investment Management LLC purchased a new stake in Consolidated Water in the 4th quarter worth approximately $436,000. 55.16% of the stock is owned by institutional investors.
Consolidated Water Stock Performance
NASDAQ CWCO traded up $0.30 on Friday, hitting $26.79. The stock had a trading volume of 92,263 shares, compared to its average volume of 109,685. Consolidated Water Co. Ltd. has a 52-week low of $22.69 and a 52-week high of $29.88. The company has a market capitalization of $426.42 million, a price-to-earnings ratio of 16.54, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. The firm has a 50-day moving average of $24.45 and a 200-day moving average of $25.74.
Consolidated Water (NASDAQ:CWCO - Get Free Report) last posted its 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 net margin of 23.06% and a return on equity of 12.98%. The business had revenue of $33.72 million for the quarter, compared to analysts' expectations of $32.30 million. As a group, research analysts anticipate that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Consolidated Water from a "sell" rating to a "hold" rating in a research note on Thursday.
Read Our Latest Report on Consolidated Water
Consolidated Water Company 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.
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