Consolidated Water Co. Ltd. (NASDAQ:CWCO) Stock Position Increased by Raiffeisen Bank International AG

Key Points

• Raiffeisen Bank International AG has increased its stake in Consolidated Water Co. Ltd. by 96%, now holding approximately 19,604 shares valued at $479,000.
• Other institutional investors, such as CWM LLC and GAMMA Investing LLC, have also significantly increased their stakes by 228.6% and 2,247.9% respectively during the same period.
• Consolidated Water recently upgraded its quarterly dividend from $0.11 to $0.14 per share, resulting in an annualized yield of 1.9%.

Raiffeisen Bank International AG increased its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 96.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,604 shares of the utilities provider's stock after purchasing an additional 9,604 shares during the period. Raiffeisen Bank International AG owned 0.12% of Consolidated Water worth $479,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Seizert Capital Partners LLC bought a new stake in shares of Consolidated Water in the 1st quarter worth approximately $3,687,000. GAMMA Investing LLC raised its stake in Consolidated Water by 2,247.9% during the 1st quarter. GAMMA Investing LLC now owns 2,841 shares of the utilities provider's stock valued at $70,000 after acquiring an additional 2,720 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in Consolidated Water by 4.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 59,576 shares of the utilities provider's stock valued at $1,459,000 after acquiring an additional 2,323 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Consolidated Water during the 1st quarter valued at $273,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Consolidated Water by 7.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,620 shares of the utilities provider's stock valued at $301,000 after acquiring an additional 764 shares in the last quarter. Institutional investors own 55.16% of the company's stock.

Consolidated Water Stock Up 1.3%

Consolidated Water stock traded up $0.39 during mid-day trading on Friday, hitting $29.29. 55,774 shares of the company's stock traded hands, compared to its average volume of 97,268. The firm has a 50 day moving average price of $29.34 and a 200 day moving average price of $26.97. The company has a market cap of $466.30 million, a PE ratio of 18.08 and a beta of 0.53. Consolidated Water Co. Ltd. has a one year low of $22.69 and a one year high of $31.30.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last announced its earnings results on Monday, May 12th. The utilities provider reported $0.31 earnings per share for the quarter, beating the consensus estimate 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%. On average, analysts expect 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 disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from Consolidated Water's previous quarterly dividend of $0.11. Consolidated Water's dividend payout ratio (DPR) is presently 34.57%.

Analysts Set New Price Targets

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

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.