ArrowMark Colorado Holdings LLC Raises Position in Consolidated Water Co. Ltd. $CWCO

ArrowMark Colorado Holdings LLC increased its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 23.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 262,000 shares of the utilities provider’s stock after purchasing an additional 49,163 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 1.64% of Consolidated Water worth $9,243,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Renaissance Group LLC purchased a new position in shares of Consolidated Water during the third quarter valued at approximately $1,148,000. Inspire Investing LLC bought a new position in Consolidated Water in the 3rd quarter worth about $1,089,000. Teton Advisors LLC purchased a new stake in Consolidated Water during the 3rd quarter valued at about $1,147,000. Ellsworth Advisors LLC purchased a new stake in Consolidated Water during the 3rd quarter valued at about $834,000. Finally, JPMorgan Chase & Co. grew its position in Consolidated Water by 18.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 637,378 shares of the utilities provider’s stock valued at $19,134,000 after purchasing an additional 101,434 shares during the last quarter. 55.16% of the stock is owned by hedge funds and other institutional investors.

Consolidated Water Price Performance

Shares of NASDAQ CWCO opened at $34.73 on Monday. The stock has a market cap of $553.25 million, a PE ratio of 35.80 and a beta of 0.50. Consolidated Water Co. Ltd. has a 1 year low of $22.69 and a 1 year high of $39.12. The firm has a fifty day moving average price of $36.83 and a 200-day moving average price of $35.40.

Consolidated Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, April 1st. Consolidated Water’s dividend payout ratio (DPR) is 57.73%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Consolidated Water in a research report on Wednesday, January 21st. Wall Street Zen upgraded shares of Consolidated Water from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $40.00.

Consolidated Water 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.