Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO – Get Rating) topped their 200-day moving average during Monday’s trading. The stock has a 200-day moving average of $12.35 and is trading as low as $16.14. Shares of Consolidated Water last traded at $16.01, with volume of 190,537 shares changing hands.
A Wall Street analyst gives his opinion
A number of equity research analysts have weighed in on the stock recently. StockNews.com upgraded shares of Consolidated Water from a “buy” rating to a “strong buy” rating in a report on Tuesday. TheStreet upgraded Consolidated Water’s shares from a “c+” rating to a “b-” rating in a Wednesday, June 8 report. Finally, Janney Montgomery Scott upgraded Consolidated Water shares from a “neutral” rating to a “buy” rating in a Wednesday, May 18 research report.
Consolidated water stock up 0.7%
The company’s fifty-day simple moving average is $14.46 and its 200-day simple moving average is $12.35.
Consolidated Water Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Friday, July 1 received a dividend of $0.085. The ex-dividend date was Thursday, June 30. This represents an annualized dividend of $0.34 and a dividend yield of 2.12%.
Insiders place their bets
In other Consolidated Water news, Director Wilmer F. Pergande sold 5,309 shares of Consolidated Water in a trade on Thursday, June 9. The shares were sold at an average price of $14.37, for a total transaction of $76,290.33. Following the sale, the director now owns 30,639 shares of the company, valued at $440,282.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Company insiders own 5.58% of the company’s shares.
Institutional investors weigh in on consolidated water
Several institutional investors and hedge funds have recently changed their positions in the company. Occudo Quantitative Strategies LP acquired a new equity stake in Consolidated Water in Q2 worth $175,000. State Street Corp increased its holdings of Consolidated Water shares 73.7% in the second quarter. State Street Corp now owns 58,941 shares of the utility provider valued at $860,000 after buying an additional 25,000 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings of Consolidated Water shares by 84.4% in the second quarter. Cubist Systematic Strategies LLC now owns 23,925 shares of the utility provider valued at $347,000 after purchasing an additional 10,954 shares in the last quarter. Millennium Management LLC bought a new stock position in Consolidated Water in the second quarter, valued at around $1,260,000. Finally, ELCO Management Co. LLC increased its equity stake in Consolidated Water by 7.2% in the second quarter. ELCO Management Co. LLC now owns 18,149 shares of the utility provider valued at $263,000 after purchasing an additional 1,214 shares in the last quarter. Institutional investors and hedge funds hold 41.85% of the company’s shares.
About Consolidated Water
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Consolidated Water Co Ltd., together with its subsidiaries, designs, builds, manages and operates water production and treatment plants primarily in the Cayman Islands, the Bahamas and the United States. The Company operates through four segments: retail, bulk, services and manufacturing.
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