EAM Global Investors LLC trimmed its stake in AquaVenture Holdings Ltd (NYSE:WAAS) by 14.6% in the first quarter, HoldingsChannel.com reports. The firm owned 70,373 shares of the company’s stock after selling 12,022 shares during the quarter. EAM Global Investors LLC’s holdings in AquaVenture were worth $1,362,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc lifted its position in AquaVenture by 9.9% during the third quarter. Vanguard Group Inc now owns 642,156 shares of the company’s stock valued at $11,604,000 after buying an additional 57,978 shares in the last quarter. Vanguard Group Inc. lifted its position in AquaVenture by 9.9% during the third quarter. Vanguard Group Inc. now owns 642,156 shares of the company’s stock valued at $11,604,000 after buying an additional 57,978 shares in the last quarter. Handelsbanken Fonder AB lifted its position in AquaVenture by 27.1% during the fourth quarter. Handelsbanken Fonder AB now owns 571,933 shares of the company’s stock valued at $10,804,000 after buying an additional 121,933 shares in the last quarter. BlackRock Inc. lifted its position in shares of AquaVenture by 13.9% during the fourth quarter. BlackRock Inc. now owns 511,804 shares of the company’s stock worth $9,668,000 after purchasing an additional 62,320 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of AquaVenture by 28.2% during the first quarter. Dimensional Fund Advisors LP now owns 346,669 shares of the company’s stock worth $6,708,000 after purchasing an additional 76,316 shares in the last quarter. Hedge funds and other institutional investors own 34.54% of the company’s stock.

A number of research analysts have recently commented on WAAS shares. Citigroup set a $26.00 target price on shares of AquaVenture and gave the stock a “buy” rating in a research report on Thursday, February 28th. ValuEngine raised shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research cut shares of AquaVenture from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. AquaVenture presently has a consensus rating of “Buy” and a consensus price target of $26.14.

NYSE WAAS opened at $17.54 on Tuesday. AquaVenture Holdings Ltd has a 52 week low of $14.38 and a 52 week high of $23.35. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.22 and a current ratio of 2.60. The firm has a market cap of $477.84 million, a PE ratio of -22.49 and a beta of 0.82.

AquaVenture (NYSE:WAAS) last posted its earnings results on Wednesday, May 8th. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.01. AquaVenture had a negative net margin of 12.62% and a negative return on equity of 5.98%. The business had revenue of $46.60 million for the quarter, compared to analysts’ expectations of $45.63 million. During the same period in the previous year, the company posted ($0.24) earnings per share. The business’s revenue for the quarter was up 43.4% compared to the same quarter last year. As a group, equities research analysts anticipate that AquaVenture Holdings Ltd will post -0.75 earnings per share for the current year.

In other news, Director Evan Lovell sold 2,200 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $19.19, for a total transaction of $42,218.00. Following the transaction, the director now directly owns 7,617 shares of the company’s stock, valued at $146,170.23. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 53.30% of the company’s stock.

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AquaVenture Profile

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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Institutional Ownership by Quarter for AquaVenture (NYSE:WAAS)

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