Consolidated Water (NASDAQ:CWCO - Get Free Report) was downgraded by equities researchers at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Wednesday.
Consolidated Water Price Performance
CWCO stock traded up $0.14 during trading on Wednesday, reaching $24.95. 90,268 shares of the stock traded hands, compared to its average volume of 146,258. The business's 50 day moving average price is $27.81 and its 200-day moving average price is $31.13. Consolidated Water has a 52-week low of $16.50 and a 52-week high of $38.29.
Institutional Investors Weigh In On Consolidated Water
A number of institutional investors have recently added to or reduced their stakes in CWCO. Invesco Ltd. boosted its position in shares of Consolidated Water by 86.8% in the third quarter. Invesco Ltd. now owns 379,739 shares of the utilities provider's stock worth $10,800,000 after buying an additional 176,412 shares during the period. Farrow Financial Inc. purchased a new stake in shares of Consolidated Water in the fourth quarter worth about $3,585,000. Legato Capital Management LLC purchased a new stake in shares of Consolidated Water in the fourth quarter worth about $2,766,000. New York State Common Retirement Fund boosted its position in shares of Consolidated Water by 124.9% in the fourth quarter. New York State Common Retirement Fund now owns 127,408 shares of the utilities provider's stock worth $4,536,000 after buying an additional 70,761 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Consolidated Water in the third quarter worth about $1,486,000. Hedge funds and other institutional investors own 55.16% of the company's stock.
Consolidated Water Company Profile
(
Get 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.
Further Reading
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