First Manhattan CO. LLC. cut its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 304,647 shares of the utilities provider's stock after selling 21,350 shares during the quarter. First Manhattan CO. LLC. owned approximately 1.92% of Consolidated Water worth $7,887,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of CWCO. Barclays PLC lifted its stake in Consolidated Water by 288.8% in the 3rd quarter. Barclays PLC now owns 20,350 shares of the utilities provider's stock valued at $514,000 after buying an additional 15,116 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Consolidated Water by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 29,860 shares of the utilities provider's stock worth $773,000 after acquiring an additional 897 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Consolidated Water by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider's stock valued at $7,540,000 after buying an additional 105,711 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Consolidated Water by 23.9% in the fourth quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider's stock valued at $168,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of Consolidated Water during the fourth quarter worth $849,000. 55.16% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total transaction of $56,000.00. Following the sale, the chief executive officer now directly owns 271,995 shares in the company, valued at approximately $7,615,860. This represents a 0.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.87% of the stock is currently owned by corporate insiders.
Consolidated Water Stock Performance
NASDAQ CWCO traded up $1.28 during trading on Tuesday, reaching $24.86. 249,830 shares of the company's stock were exchanged, compared to its average volume of 111,458. Consolidated Water Co. Ltd. has a 1 year low of $22.69 and a 1 year high of $30.32. The stock has a market cap of $395.70 million, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. The company has a 50 day moving average price of $24.78 and a two-hundred day moving average price of $25.62.
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 (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The firm had revenue of $33.72 million during the quarter, compared to analysts' expectations of $32.30 million. Consolidated Water had a return on equity of 12.98% and a net margin of 23.06%. Research analysts forecast that Consolidated Water Co. Ltd. will post 1.27 EPS for the current fiscal year.
Consolidated Water Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.11 per share. The ex-dividend date was Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.77%. Consolidated Water's dividend payout ratio is currently 27.16%.
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.
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