Consolidated Water Co. Ltd. (NASDAQ:CWCO) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Rating) by 45.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,154 shares of the utilities provider’s stock after acquiring an additional 2,547 shares during the quarter. Lazard Asset Management LLC owned about 0.05% of Consolidated Water worth $125,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Consolidated Water by 452.0% during the 1st quarter. BlackRock Inc. now owns 209,097 shares of the utilities provider’s stock valued at $2,312,000 after buying an additional 171,220 shares during the last quarter. Vanguard Group Inc. acquired a new stake in Consolidated Water in the first quarter worth $1,796,000. KBC Group NV increased its holdings in shares of Consolidated Water by 55.8% during the third quarter. KBC Group NV now owns 390,392 shares of the utilities provider’s stock valued at $6,004,000 after purchasing an additional 139,881 shares during the period. Millennium Management LLC acquired a new position in shares of Consolidated Water during the second quarter valued at $1,260,000. Finally, State Street Corp acquired a new position in shares of Consolidated Water during the first quarter valued at $377,000. Hedge funds and other institutional investors own 43.78% of the company’s stock.

Consolidated Water Stock Performance

Shares of CWCO opened at $15.40 on Friday. Consolidated Water Co. Ltd. has a 52-week low of $9.67 and a 52-week high of $20.58. The stock has a fifty day moving average price of $14.86 and a two-hundred day moving average price of $15.82.

Consolidated Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Monday, April 3rd will be issued a $0.085 dividend. The ex-dividend date is Friday, March 31st. This represents a $0.34 dividend on an annualized basis and a yield of 2.21%.

Wall Street Analysts Forecast Growth

CWCO has been the subject of a number of recent analyst reports. Janney Montgomery Scott upgraded Consolidated Water from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, November 16th. StockNews.com downgraded Consolidated Water from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 16th. Finally, TheStreet downgraded Consolidated Water from a “b” rating to a “c+” rating in a research note on Tuesday, December 6th.

Consolidated Water Company Profile

(Get Rating)

Consolidated Water Co Ltd. engages in the development and operation of seawater desalination plants and water distribution systems. It operates through the following segments: Retail, Bulk, Services, and Manufacturing. The Retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Islands.

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Institutional Ownership by Quarter for Consolidated Water (NASDAQ:CWCO)

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