Russell Investments Group Ltd. Acquires 1,530 Shares of Consolidated Water Co. Ltd. $CWCO

Russell Investments Group Ltd. boosted its holdings in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 22.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,435 shares of the utilities provider’s stock after acquiring an additional 1,530 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.05% of Consolidated Water worth $207,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC raised its position in Consolidated Water by 228.6% during the first quarter. CWM LLC now owns 1,860 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 1,294 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Consolidated Water during the first quarter valued at approximately $60,000. GAMMA Investing LLC raised its position in Consolidated Water by 2,247.9% during the first quarter. GAMMA Investing LLC now owns 2,841 shares of the utilities provider’s stock valued at $70,000 after acquiring an additional 2,720 shares in the last quarter. State of Tennessee Department of Treasury bought a new position in Consolidated Water during the fourth quarter valued at approximately $149,000. Finally, State of Wyoming raised its position in Consolidated Water by 125.1% during the fourth quarter. State of Wyoming now owns 8,563 shares of the utilities provider’s stock valued at $222,000 after acquiring an additional 4,759 shares in the last quarter. Institutional investors own 55.16% of the company’s stock.

Insiders Place Their Bets

In other Consolidated Water news, Director Raymond Whittaker sold 4,755 shares of Consolidated Water stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $33.35, for a total transaction of $158,579.25. Following the sale, the director owned 1,000 shares in the company, valued at $33,350. The trade was a 82.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.25% of the stock is owned by corporate insiders.

Consolidated Water Trading Down 2.2%

Shares of Consolidated Water stock opened at $32.55 on Wednesday. The company’s fifty day simple moving average is $30.82 and its 200-day simple moving average is $27.71. The company has a market cap of $518.52 million, a price-to-earnings ratio of 20.09 and a beta of 0.58. Consolidated Water Co. Ltd. has a 1 year low of $22.69 and a 1 year high of $34.26.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings data on Monday, August 11th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.12. The business had revenue of $33.59 million for the quarter, compared to the consensus estimate of $32.75 million. Consolidated Water had a net margin of 12.24% and a return on equity of 7.77%. As a group, research analysts forecast that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.

Consolidated Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Wednesday, October 1st will be paid a $0.14 dividend. The ex-dividend date is Wednesday, October 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.7%. Consolidated Water’s dividend payout ratio (DPR) is presently 34.57%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CWCO shares. Roth Capital raised their price objective on shares of Consolidated Water from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $40.00.

Consolidated Water 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.