Consolidated Water Co. Ltd. $CWCO Stock Position Lifted by Inspire Investing LLC

Inspire Investing LLC grew its holdings in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 54.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,813 shares of the utilities provider’s stock after purchasing an additional 18,550 shares during the period. Inspire Investing LLC owned approximately 0.33% of Consolidated Water worth $1,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Journey Strategic Wealth LLC grew its position in Consolidated Water by 3.1% in the 3rd quarter. Journey Strategic Wealth LLC now owns 9,515 shares of the utilities provider’s stock valued at $336,000 after buying an additional 289 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Consolidated Water by 4.5% during the 4th quarter. Oppenheimer & Co. Inc. now owns 7,023 shares of the utilities provider’s stock worth $248,000 after buying an additional 304 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Consolidated Water by 4.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,961 shares of the utilities provider’s stock worth $387,000 after acquiring an additional 422 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of Consolidated Water by 3.5% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 17,121 shares of the utilities provider’s stock worth $604,000 after acquiring an additional 571 shares during the period. Finally, Ellsworth Advisors LLC boosted its holdings in shares of Consolidated Water by 2.6% in the fourth quarter. Ellsworth Advisors LLC now owns 23,557 shares of the utilities provider’s stock valued at $885,000 after acquiring an additional 607 shares in the last quarter. 55.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Consolidated Water from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings downgraded Consolidated Water from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. Finally, Zacks Research lowered Consolidated Water from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Consolidated Water has an average rating of “Hold” and a consensus price target of $40.00.

Consolidated Water Trading Up 0.6%

Shares of Consolidated Water stock opened at $29.50 on Wednesday. Consolidated Water Co. Ltd. has a 52 week low of $28.17 and a 52 week high of $39.12. The stock has a market cap of $472 million, a PE ratio of 32.78 and a beta of 0.50. The company’s 50-day moving average price is $30.63 and its two-hundred day moving average price is $33.87.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings data on Monday, May 11th. The utilities provider reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). Consolidated Water had a return on equity of 7.81% and a net margin of 13.50%.The business had revenue of $29.97 million during the quarter, compared to analyst estimates of $31.90 million. On average, equities analysts predict that Consolidated Water Co. Ltd. will post 0.94 EPS for the current fiscal year.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Wednesday, July 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. Consolidated Water’s dividend payout ratio is currently 62.22%.

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.