Consolidated Water (NASDAQ:CWCO) Upgraded by Wall Street Zen to "Hold" Rating

Consolidated Water (NASDAQ:CWCO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Thursday.

Consolidated Water Trading Up 1.2%

CWCO stock traded up $0.31 during trading on Thursday, hitting $27.10. 64,873 shares of the stock traded hands, compared to its average volume of 123,576. The stock has a market cap of $431.35 million, a price-to-earnings ratio of 16.73, a P/E/G ratio of 2.44 and a beta of 0.39. Consolidated Water has a one year low of $22.69 and a one year high of $29.88. The company has a 50 day simple moving average of $24.43 and a 200 day simple moving average of $25.75.

Consolidated Water (NASDAQ:CWCO - Get Free Report) last posted its earnings results on Monday, May 12th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.09. The company had revenue of $33.72 million during the quarter, compared to analysts' expectations of $32.30 million. Consolidated Water had a net margin of 23.06% and a return on equity of 12.98%. As a group, analysts predict that Consolidated Water will post 1.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Consolidated Water

Institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP acquired a new stake in shares of Consolidated Water in the fourth quarter valued at $4,443,000. Heartland Advisors Inc. boosted its position in shares of Consolidated Water by 146.8% in the 1st quarter. Heartland Advisors Inc. now owns 270,100 shares of the utilities provider's stock worth $6,615,000 after purchasing an additional 160,657 shares during the last quarter. Seizert Capital Partners LLC bought a new position in Consolidated Water during the first quarter worth about $3,687,000. Millennium Management LLC acquired a new position in Consolidated Water during the fourth quarter valued at approximately $2,167,000. Finally, Invesco Ltd. grew its holdings in shares of Consolidated Water by 27.3% in the 1st quarter. Invesco Ltd. now owns 306,288 shares of the utilities provider's stock valued at $7,501,000 after buying an additional 65,744 shares during the period. Institutional investors and hedge funds own 55.16% of the company's stock.

Consolidated Water Company 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.