Cwm LLC Grows Stock Holdings in Select Water Solutions, Inc. (NYSE:WTTR)

Cwm LLC grew its position in Select Water Solutions, Inc. (NYSE:WTTR) by 182.8% during the third quarter, Holdings Channel reports. The institutional investor owned 11,889 shares of the company’s stock after acquiring an additional 7,685 shares during the quarter. Cwm LLC’s holdings in Select Water Solutions were worth $132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Select Water Solutions by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 3,008 shares of the company’s stock worth $32,000 after purchasing an additional 1,096 shares during the period. Innealta Capital LLC acquired a new stake in Select Water Solutions during the second quarter worth about $34,000. ProShare Advisors LLC raised its position in Select Water Solutions by 8.6% during the first quarter. ProShare Advisors LLC now owns 14,356 shares of the company’s stock valued at $133,000 after acquiring an additional 1,131 shares in the last quarter. Quadrature Capital Ltd acquired a new position in Select Water Solutions in the fourth quarter valued at approximately $156,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Select Water Solutions by 15.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,993 shares of the company’s stock worth $213,000 after purchasing an additional 3,142 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Select Water Solutions Trading Down 0.6 %

Shares of Select Water Solutions stock opened at $10.73 on Friday. Select Water Solutions, Inc. has a fifty-two week low of $6.78 and a fifty-two week high of $12.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.63 and a current ratio of 1.81. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 18.50 and a beta of 1.65. The stock has a 50 day moving average of $11.09 and a 200 day moving average of $10.58.

Select Water Solutions (NYSE:WTTR) last announced its earnings results on Tuesday, July 30th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Select Water Solutions had a return on equity of 6.56% and a net margin of 3.91%. The company had revenue of $365.13 million during the quarter, compared to analysts’ expectations of $372.25 million. During the same period last year, the business posted $0.20 EPS. Select Water Solutions’s revenue for the quarter was down 9.8% on a year-over-year basis. As a group, research analysts predict that Select Water Solutions, Inc. will post 0.47 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on WTTR shares. Northland Securities upgraded shares of Select Water Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from $11.50 to $14.50 in a research report on Thursday, August 22nd. Northland Capmk raised Select Water Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 22nd.

Select Water Solutions Profile

Select Water Solutions, Inc, together with its subsidiaries, provides water management and chemical solutions to the energy industry in the United States. The company operates through three segments: Water Services, Water Infrastructure, and Chemical Technologies. The Water Services segment provides water-related services, including water sourcing, water transfer, flowback and well testing, water containment, fluids hauling, water monitoring, and water network automation; technology solutions comprising hydrographic mapping, water volume and quality monitoring, remote pit and tank monitoring, leak detection, asset and fuel tracking, and automated-equipment services, as well as various surface rental equipment and workforce accommodation services.