Consolidated Water Co. Ltd. (NASDAQ:CWCO) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,340 shares of the utilities provider’s stock after selling 880 shares during the quarter. Alliancebernstein L.P. owned about 0.12% of Consolidated Water worth $475,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Byrne Asset Management LLC boosted its holdings in Consolidated Water by 59.3% in the fourth quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 640 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Consolidated Water by 643.4% in the 4th quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider’s stock valued at $61,000 after buying an additional 2,033 shares during the period. Copeland Capital Management LLC boosted its stake in shares of Consolidated Water by 37.4% in the fourth quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider’s stock worth $68,000 after buying an additional 717 shares during the last quarter. Quantbot Technologies LP raised its position in Consolidated Water by 1,538.3% during the fourth quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider’s stock valued at $103,000 after acquiring an additional 3,738 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Consolidated Water by 23.9% in the fourth quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider’s stock valued at $168,000 after acquiring an additional 1,251 shares during the period. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Consolidated Water

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of Consolidated Water stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total value of $56,000.00. Following the sale, the chief executive officer now owns 271,995 shares of the company’s stock, valued at approximately $7,615,860. This trade represents a 0.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.87% of the company’s stock.

Consolidated Water Price Performance

Shares of NASDAQ CWCO opened at $24.23 on Monday. The firm’s 50 day simple moving average is $25.98 and its 200-day simple moving average is $25.82. Consolidated Water Co. Ltd. has a 12 month low of $22.90 and a 12 month high of $30.32. The stock has a market capitalization of $384.65 million, a price-to-earnings ratio of 14.96, a PEG ratio of 2.44 and a beta of 0.27.

Consolidated Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be given a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.82%. Consolidated Water’s dividend payout ratio (DPR) is currently 27.16%.

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.