Uniplan Investment Counsel Inc. reduced its stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 11.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 297,958 shares of the utilities provider’s stock after selling 37,864 shares during the quarter. Uniplan Investment Counsel Inc. owned about 1.99% of Consolidated Water worth $4,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Consolidated Water by 9.8% during the second quarter. BlackRock Inc. now owns 802,044 shares of the utilities provider’s stock valued at $10,346,000 after buying an additional 71,379 shares during the last quarter. Icon Advisers Inc. Co. bought a new position in shares of Consolidated Water during the third quarter valued at approximately $1,102,000. Strs Ohio grew its stake in shares of Consolidated Water by 10.8% during the second quarter. Strs Ohio now owns 55,300 shares of the utilities provider’s stock valued at $713,000 after buying an additional 5,400 shares during the last quarter. Northern Trust Corp grew its stake in shares of Consolidated Water by 2.7% during the second quarter. Northern Trust Corp now owns 175,189 shares of the utilities provider’s stock valued at $2,260,000 after buying an additional 4,626 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Consolidated Water by 84.4% during the second quarter. Bank of America Corp DE now owns 50,595 shares of the utilities provider’s stock valued at $653,000 after buying an additional 23,159 shares during the last quarter. 54.57% of the stock is currently owned by hedge funds and other institutional investors.

CWCO opened at $12.30 on Wednesday. The company has a market cap of $185.41 million, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.20 and a beta of 0.83. Consolidated Water Co. Ltd. has a one year low of $11.70 and a one year high of $15.35.

Consolidated Water (NASDAQ:CWCO) last released its earnings results on Friday, November 9th. The utilities provider reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. The firm had revenue of $18.82 million for the quarter, compared to analysts’ expectations of $15.25 million. Consolidated Water had a return on equity of 5.80% and a net margin of 16.30%. On average, sell-side analysts forecast that Consolidated Water Co. Ltd. will post 0.72 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 31st. Investors of record on Wednesday, January 2nd will be issued a $0.085 dividend. The ex-dividend date is Monday, December 31st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.76%. Consolidated Water’s payout ratio is 69.39%.

A number of research analysts have recently commented on CWCO shares. ValuEngine raised Consolidated Water from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Zacks Investment Research raised Consolidated Water from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Thursday, August 16th.

In related news, Director Raymond Whittaker sold 17,011 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $14.20, for a total value of $241,556.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.53% of the stock is currently owned by insiders.

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About Consolidated Water

Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands, Mexico, the United States, and Indonesia. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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

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