Consolidated Water Co. Ltd. (CWCO) Holdings Lowered by Two Sigma Advisers LP
Two Sigma Advisers LP cut its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,700 shares of the utilities provider’s stock after selling 7,400 shares during the period. Two Sigma Advisers LP’s holdings in Consolidated Water were worth $405,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Rehmann Capital Advisory Group increased its position in shares of Consolidated Water by 1,285.0% in the 3rd quarter. Rehmann Capital Advisory Group now owns 6,828 shares of the utilities provider’s stock valued at $493,000 after purchasing an additional 6,335 shares during the last quarter. Whittier Trust Co. purchased a new position in shares of Consolidated Water in the 4th quarter valued at $117,000. FDx Advisors Inc. purchased a new position in shares of Consolidated Water in the 4th quarter valued at $128,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Consolidated Water in the 4th quarter valued at $161,000. Finally, Prudential Financial Inc. grew its position in shares of Consolidated Water by 10.5% in the 4th quarter. Prudential Financial Inc. now owns 13,258 shares of the utilities provider’s stock valued at $155,000 after buying an additional 1,258 shares during the last quarter. 53.91% of the stock is currently owned by institutional investors.
A number of research analysts recently commented on CWCO shares. ValuEngine downgraded shares of Consolidated Water from a “buy” rating to a “hold” rating in a research report on Sunday, February 10th. Zacks Investment Research downgraded shares of Consolidated Water from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 1st will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Friday, March 29th. Consolidated Water’s dividend payout ratio (DPR) is 50.00%.
In related news, Director Wilmer F. Pergande sold 2,383 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $12.78, for a total value of $30,454.74. Following the transaction, the director now directly owns 27,580 shares of the company’s stock, valued at approximately $352,472.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Clarence B. Flowers sold 6,603 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $13.50, for a total transaction of $89,140.50. Following the sale, the director now owns 21,873 shares of the company’s stock, valued at approximately $295,285.50. The disclosure for this sale can be found here. Insiders sold a total of 17,237 shares of company stock worth $223,560 over the last ninety days. Insiders own 2.53% of the company’s stock.
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Consolidated Water Profile
Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.
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