Consolidated Water Co. Ltd. (NASDAQ:CWCO) Stake Boosted by WINTON GROUP Ltd

WINTON GROUP Ltd increased its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 12.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,447 shares of the utilities provider’s stock after purchasing an additional 3,778 shares during the quarter. WINTON GROUP Ltd’s holdings in Consolidated Water were worth $392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its stake in Consolidated Water by 46.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,779 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 2,468 shares in the last quarter. D.A. Davidson & CO. purchased a new position in Consolidated Water in the 1st quarter worth about $135,000. Quadrature Capital Ltd purchased a new position in Consolidated Water in the 1st quarter worth about $155,000. PDT Partners LLC purchased a new position in Consolidated Water during the 1st quarter valued at about $173,000. Finally, Commonwealth Equity Services LLC grew its stake in Consolidated Water by 15.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 14,798 shares of the utilities provider’s stock valued at $199,000 after acquiring an additional 1,932 shares in the last quarter. 42.64% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:CWCO opened at $11.44 on Thursday. Consolidated Water Co. Ltd. has a fifty-two week low of $10.01 and a fifty-two week high of $15.37. The stock’s 50-day moving average is $12.14 and its two-hundred day moving average is $12.48. The stock has a market cap of $174.01 million, a PE ratio of 20.43, a price-to-earnings-growth ratio of 6.73 and a beta of 0.17.

Consolidated Water (NASDAQ:CWCO) last released its earnings results on Sunday, August 15th. The utilities provider reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.18). Consolidated Water had a net margin of 1.91% and a return on equity of 3.20%. The business had revenue of $16.70 million for the quarter, compared to analysts’ expectations of $17.75 million. Sell-side analysts forecast that Consolidated Water Co. Ltd. will post 0.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 29th. Shareholders of record on Friday, October 1st will be paid a dividend of $0.085 per share. The ex-dividend date is Thursday, September 30th. This represents a $0.34 annualized dividend and a yield of 2.97%. Consolidated Water’s dividend payout ratio (DPR) is presently 60.71%.

About Consolidated Water

Consolidated Water Co Ltd. engages in the development and operation of seawater desalination plants and water distribution systems. It operates through the following segments: Retail, Bulk, Services, and Manufacturing. The Retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Islands.

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Institutional Ownership by Quarter for Consolidated Water (NASDAQ:CWCO)

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