Squarepoint Ops LLC Reduces Position in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Squarepoint Ops LLC reduced its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 31.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,177 shares of the utilities provider's stock after selling 9,938 shares during the quarter. Squarepoint Ops LLC owned about 0.13% of Consolidated Water worth $548,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. TSP Capital Management Group LLC lifted its holdings in shares of Consolidated Water by 1.5% in the 4th quarter. TSP Capital Management Group LLC now owns 479,175 shares of the utilities provider's stock valued at $12,406,000 after buying an additional 7,075 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Consolidated Water by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 438,223 shares of the utilities provider's stock valued at $11,347,000 after buying an additional 15,060 shares during the period. Invesco Ltd. lifted its holdings in shares of Consolidated Water by 6.8% in the 4th quarter. Invesco Ltd. now owns 240,544 shares of the utilities provider's stock valued at $6,228,000 after buying an additional 15,263 shares during the period. Penn Capital Management Company LLC lifted its holdings in shares of Consolidated Water by 6.2% in the 4th quarter. Penn Capital Management Company LLC now owns 195,608 shares of the utilities provider's stock valued at $5,064,000 after buying an additional 11,351 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Consolidated Water by 32.9% in the 4th quarter. Northern Trust Corp now owns 194,024 shares of the utilities provider's stock valued at $5,023,000 after buying an additional 47,982 shares during the period. 55.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 Stock Up 0.1%

NASDAQ CWCO traded up $0.04 during mid-day trading on Thursday, hitting $27.17. The stock had a trading volume of 89,426 shares, compared to its average volume of 109,231. 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 cap of $432.46 million, a price-to-earnings ratio of 16.77, a P/E/G ratio of 2.44 and a beta of 0.39. The company has a 50 day simple moving average of $24.69 and a 200 day simple moving average of $25.83.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last released its quarterly earnings data 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. Consolidated Water had a return on equity of 12.98% and a net margin of 23.06%. The firm had revenue of $33.72 million during the quarter, compared to the consensus estimate of $32.30 million. As a group, equities analysts anticipate 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 will be paid on Thursday, July 31st. Investors 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. This represents a $0.56 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Tuesday, July 1st. Consolidated Water's dividend payout ratio (DPR) is presently 27.16%.

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.