Acadian Asset Management LLC lifted its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 191.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,099 shares of the utilities provider’s stock after purchasing an additional 10,584 shares during the quarter. Acadian Asset Management LLC’s holdings in Consolidated Water were worth $208,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in CWCO. Amundi Pioneer Asset Management Inc. grew its holdings in shares of Consolidated Water by 45.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,082,078 shares of the utilities provider’s stock valued at $15,745,000 after purchasing an additional 339,655 shares during the period. BlackRock Inc. grew its holdings in shares of Consolidated Water by 7.8% in the first quarter. BlackRock Inc. now owns 730,665 shares of the utilities provider’s stock valued at $10,631,000 after purchasing an additional 53,169 shares during the period. Stifel Financial Corp purchased a new stake in shares of Consolidated Water in the first quarter valued at about $228,000. LPL Financial LLC purchased a new stake in shares of Consolidated Water in the first quarter valued at about $171,000. Finally, Deutsche Bank AG grew its holdings in shares of Consolidated Water by 47.8% in the fourth quarter. Deutsche Bank AG now owns 35,930 shares of the utilities provider’s stock valued at $449,000 after purchasing an additional 11,619 shares during the period. 53.91% of the stock is owned by hedge funds and other institutional investors.
Shares of CWCO stock opened at $13.80 on Friday. The stock has a market cap of $200.52 million, a price-to-earnings ratio of 28.06, a P/E/G ratio of 2.58 and a beta of 0.65. Consolidated Water Co. Ltd. has a 1-year low of $11.20 and a 1-year high of $15.35.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Monday, July 2nd were paid a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Friday, June 29th. Consolidated Water’s dividend payout ratio (DPR) is presently 69.39%.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Thursday. ValuEngine lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a report on Friday, August 3rd.
Consolidated Water Profile
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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