Raiffeisen Bank International AG Boosts Stake in Consolidated Water Co. Ltd. $CWCO

Raiffeisen Bank International AG boosted its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 17.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,000 shares of the utilities provider’s stock after buying an additional 3,396 shares during the quarter. Raiffeisen Bank International AG owned approximately 0.14% of Consolidated Water worth $679,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Consolidated Water in the second quarter worth $30,000. CWM LLC increased its position in Consolidated Water by 228.6% during the 1st quarter. CWM LLC now owns 1,860 shares of the utilities provider’s stock worth $46,000 after purchasing an additional 1,294 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Consolidated Water in the 1st quarter valued at about $60,000. Byrne Asset Management LLC lifted its holdings in Consolidated Water by 35.9% in the 2nd quarter. Byrne Asset Management LLC now owns 2,254 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 595 shares in the last quarter. Finally, Copeland Capital Management LLC lifted its holdings in Consolidated Water by 16.3% in the 2nd quarter. Copeland Capital Management LLC now owns 3,232 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 454 shares in the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a research report on Sunday. Roth Capital lifted their target price on shares of Consolidated Water from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Finally, Weiss Ratings upgraded Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $40.00.

Consolidated Water Price Performance

Shares of CWCO stock opened at $34.30 on Wednesday. The firm’s 50-day simple moving average is $34.67 and its 200-day simple moving average is $31.23. Consolidated Water Co. Ltd. has a 1-year low of $22.69 and a 1-year high of $38.36. The firm has a market cap of $546.43 million, a P/E ratio of 36.49 and a beta of 0.51.

Consolidated Water (NASDAQ:CWCO) last issued its quarterly earnings results on Monday, November 10th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.24 by $0.10. The firm had revenue of $35.12 million during the quarter, compared to analyst estimates of $32.90 million. Consolidated Water had a net margin of 12.24% and a return on equity of 7.77%. Analysts expect that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at Consolidated Water

In related news, Director Raymond Whittaker sold 4,755 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $33.35, for a total value of $158,579.25. Following the transaction, the director directly owned 1,000 shares of the company’s stock, valued at approximately $33,350. This trade represents a 82.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.25% of the stock is currently owned by insiders.

Consolidated Water Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.