Consolidated Water Co. Ltd. $CWCO Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP has reduced its stake in Consolidated Water Co. Ltd. by 38.3%, selling 16,610 shares and bringing its total holdings to approximately $656,000.
• Other institutional investors have increased their positions, with Heartland Advisors Inc. boosting its stake by 146.8% during the same quarter.
• Consolidated Water recently declared a quarterly dividend of $0.14, representing a 1.7% dividend yield, with an acceptable payout ratio of 34.57%.

Trexquant Investment LP reduced its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 38.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,771 shares of the utilities provider's stock after selling 16,610 shares during the period. Trexquant Investment LP owned about 0.17% of Consolidated Water worth $656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CWCO. Avantax Advisory Services Inc. purchased a new stake in shares of Consolidated Water during the first quarter valued at $244,000. Seizert Capital Partners LLC bought a new stake in shares of Consolidated Water during the first quarter worth $3,687,000. GAMMA Investing LLC grew its stake in shares of Consolidated Water by 2,247.9% during the first quarter. GAMMA Investing LLC now owns 2,841 shares of the utilities provider's stock worth $70,000 after purchasing an additional 2,720 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Consolidated Water by 4.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 59,576 shares of the utilities provider's stock worth $1,459,000 after acquiring an additional 2,323 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Consolidated Water in the first quarter valued at approximately $273,000. Institutional investors own 55.16% of the company's stock.

Consolidated Water Stock Up 0.9%

NASDAQ CWCO traded up $0.30 on Thursday, reaching $33.21. The company had a trading volume of 20,169 shares, compared to its average volume of 122,416. Consolidated Water Co. Ltd. has a 12 month low of $22.69 and a 12 month high of $34.26. The stock has a market capitalization of $529.04 million, a PE ratio of 20.58 and a beta of 0.58. The firm's 50 day moving average price is $31.19 and its 200 day moving average price is $27.95.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The utilities provider reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.12. The business had revenue of $33.59 million during the quarter, compared to analysts' expectations of $32.75 million. Consolidated Water had a net margin of 12.24% and a return on equity of 7.77%. On average, research analysts expect that Consolidated Water Co. Ltd. will post 1.27 EPS for the current year.

Consolidated Water Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 1st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, October 1st. Consolidated Water's dividend payout ratio is presently 34.57%.

Insiders Place Their Bets

In other news, Director Raymond Whittaker sold 4,755 shares of Consolidated Water stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $33.35, for a total transaction of $158,579.25. Following the completion of the sale, the director directly owned 1,000 shares in the company, valued at approximately $33,350. The trade was a 82.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 6.25% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CWCO has been the topic of a number of analyst reports. Wall Street Zen raised Consolidated Water from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Roth Capital raised their price target on shares of Consolidated Water from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Consolidated Water has an average rating of "Buy" and a consensus target price of $40.00.

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.