10,268 Shares in AquaVenture Holdings Ltd (NYSE:WAAS) Acquired by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. purchased a new position in shares of AquaVenture Holdings Ltd (NYSE:WAAS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,268 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of AquaVenture by 23.0% during the second quarter. JPMorgan Chase & Co. now owns 3,273 shares of the company’s stock worth $66,000 after purchasing an additional 613 shares during the period. Tortoise Capital Advisors L.L.C. boosted its holdings in shares of AquaVenture by 1,776.7% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,185 shares of the company’s stock worth $84,000 after purchasing an additional 3,962 shares during the period. Mackenzie Financial Corp acquired a new stake in AquaVenture in the second quarter valued at approximately $224,000. SG Americas Securities LLC acquired a new stake in AquaVenture in the second quarter valued at approximately $247,000. Finally, HighTower Advisors LLC lifted its stake in AquaVenture by 37.0% in the second quarter. HighTower Advisors LLC now owns 14,450 shares of the company’s stock valued at $289,000 after acquiring an additional 3,900 shares during the last quarter. Institutional investors and hedge funds own 30.63% of the company’s stock.

NYSE WAAS opened at $19.42 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.49 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $616.27 million, a PE ratio of -24.90 and a beta of 0.91. The company has a 50 day moving average price of $18.87 and a two-hundred day moving average price of $18.64. AquaVenture Holdings Ltd has a 12-month low of $16.08 and a 12-month high of $23.35.

AquaVenture (NYSE:WAAS) last posted its earnings results on Wednesday, August 7th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.11. The firm had revenue of $51.40 million during the quarter, compared to analysts’ expectations of $47.59 million. AquaVenture had a negative net margin of 10.53% and a negative return on equity of 5.55%. The company’s revenue was up 49.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.19) earnings per share. As a group, equities analysts anticipate that AquaVenture Holdings Ltd will post -0.71 EPS for the current year.

A number of research firms have issued reports on WAAS. Royal Bank of Canada reiterated a “buy” rating and issued a $23.00 target price on shares of AquaVenture in a research note on Sunday, August 11th. ValuEngine upgraded shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, Zacks Investment Research upgraded shares of AquaVenture from a “hold” rating to a “strong-buy” rating and set a $23.00 target price for the company in a research note on Wednesday, September 18th. Six research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $26.86.

AquaVenture Profile

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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Institutional Ownership by Quarter for AquaVenture (NYSE:WAAS)

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