Geode Capital Management LLC Acquires 15,060 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Geode Capital Management LLC increased its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 3.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 438,223 shares of the utilities provider's stock after acquiring an additional 15,060 shares during the quarter. Geode Capital Management LLC owned about 2.77% of Consolidated Water worth $11,347,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its stake in shares of Consolidated Water by 1.6% during the fourth quarter. Franklin Resources Inc. now owns 30,327 shares of the utilities provider's stock valued at $785,000 after acquiring an additional 467 shares during the period. Byrne Asset Management LLC lifted its stake in Consolidated Water by 59.3% in the fourth quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider's stock valued at $45,000 after buying an additional 640 shares during the period. Copeland Capital Management LLC lifted its stake in Consolidated Water by 37.4% in the fourth quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider's stock valued at $68,000 after buying an additional 717 shares during the period. SG Americas Securities LLC lifted its stake in 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 buying an additional 1,251 shares during the period. Finally, Diametric Capital LP lifted its stake in Consolidated Water by 11.8% in the fourth quarter. Diametric Capital LP now owns 13,093 shares of the utilities provider's stock valued at $339,000 after buying an additional 1,378 shares during the period. Institutional investors and hedge funds own 55.16% of the company's stock.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total value of $56,000.00. Following the completion of the sale, the chief executive officer now directly owns 271,995 shares in the company, valued at $7,615,860. This represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.87% of the company's stock.

Consolidated Water Stock Performance

NASDAQ:CWCO traded down $0.34 during mid-day trading on Monday, hitting $23.28. The company had a trading volume of 85,884 shares, compared to its average volume of 111,314. Consolidated Water Co. Ltd. has a fifty-two week low of $22.90 and a fifty-two week high of $30.32. The business's fifty day moving average is $25.59 and its two-hundred day moving average is $25.78. The firm has a market cap of $370.55 million, a P/E ratio of 14.37, a P/E/G ratio of 2.44 and a beta of 0.27.

Consolidated Water Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water's payout ratio is 27.16%.

About Consolidated Water

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.