47,897 Shares in Consolidated Water Co. Ltd. $CWCO Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. purchased a new stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 47,897 shares of the utilities provider’s stock, valued at approximately $1,690,000. Principal Financial Group Inc. owned approximately 0.30% of Consolidated Water at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in shares of Consolidated Water by 335.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 1,165 shares in the last quarter. CWM LLC boosted its position in Consolidated Water by 67.5% in the third quarter. CWM LLC now owns 2,045 shares of the utilities provider’s stock valued at $72,000 after buying an additional 824 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Consolidated Water in the third quarter valued at about $80,000. Quantbot Technologies LP bought a new stake in Consolidated Water during the second quarter worth about $112,000. Finally, Strs Ohio acquired a new stake in shares of Consolidated Water during the first quarter worth approximately $130,000. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Water Trading Down 0.2%

Shares of NASDAQ:CWCO opened at $37.13 on Wednesday. Consolidated Water Co. Ltd. has a 1-year low of $22.69 and a 1-year high of $39.12. The stock has a market capitalization of $591.48 million, a P/E ratio of 38.28 and a beta of 0.49. The business has a 50-day moving average price of $36.52 and a two-hundred day moving average price of $34.77.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Consolidated Water in a research report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $40.00.

Insider Buying and Selling

In other news, Director Wilmer F. Pergande sold 4,299 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $33.75, for a total value of $145,091.25. Following the transaction, the director owned 31,884 shares of the company’s stock, valued at $1,076,085. This represents a 11.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 6.25% 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.