Consolidated Water (NASDAQ:CWCO) Rating Lowered to Hold at Wall Street Zen

Consolidated Water (NASDAQ:CWCO) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings cut shares of Consolidated Water from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Consolidated Water presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Consolidated Water Stock Performance

NASDAQ:CWCO opened at $30.53 on Friday. The stock has a market capitalization of $487.19 million, a P/E ratio of 31.47 and a beta of 0.50. Consolidated Water has a fifty-two week low of $22.69 and a fifty-two week high of $39.12. The company’s 50-day simple moving average is $36.46 and its 200-day simple moving average is $35.32.

Institutional Investors Weigh In On Consolidated Water

A number of hedge funds have recently modified their holdings of the company. Renaissance Group LLC purchased a new stake in Consolidated Water in the 3rd quarter valued at about $1,148,000. Inspire Investing LLC purchased a new position in Consolidated Water during the third quarter worth about $1,089,000. ArrowMark Colorado Holdings LLC increased its position in shares of Consolidated Water by 23.1% during the third quarter. ArrowMark Colorado Holdings LLC now owns 262,000 shares of the utilities provider’s stock valued at $9,243,000 after acquiring an additional 49,163 shares during the last quarter. Teton Advisors LLC purchased a new stake in shares of Consolidated Water in the 3rd quarter valued at approximately $1,147,000. Finally, Ellsworth Advisors LLC purchased a new stake in shares of Consolidated Water in the 3rd quarter valued at approximately $834,000. Hedge funds and other institutional investors own 55.16% of the company’s stock.

Consolidated Water Company Profile

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.