California Water Service Group (CWT) Holdings Trimmed by WINTON GROUP Ltd

WINTON GROUP Ltd cut its holdings in shares of California Water Service Group (NYSE:CWT) by 36.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,859 shares of the utilities provider’s stock after selling 3,995 shares during the period. WINTON GROUP Ltd’s holdings in California Water Service Group were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of CWT. BlackRock Inc. lifted its holdings in shares of California Water Service Group by 9.0% in the second quarter. BlackRock Inc. now owns 7,121,516 shares of the utilities provider’s stock valued at $277,382,000 after purchasing an additional 590,505 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of California Water Service Group by 95.9% in the first quarter. Millennium Management LLC now owns 563,256 shares of the utilities provider’s stock valued at $20,981,000 after purchasing an additional 275,788 shares in the last quarter. KBC Group NV increased its position in shares of California Water Service Group by 33.4% in the second quarter. KBC Group NV now owns 457,918 shares of the utilities provider’s stock valued at $17,836,000 after acquiring an additional 114,523 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new stake in shares of California Water Service Group in the second quarter valued at about $1,575,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of California Water Service Group in the first quarter valued at about $2,179,000. Institutional investors own 71.86% of the company’s stock.

NYSE:CWT opened at $42.03 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.29 and a current ratio of 0.30. The stock has a market capitalization of $2.06 billion, a P/E ratio of 30.02, a P/E/G ratio of 4.90 and a beta of 0.54. California Water Service Group has a 52-week low of $35.25 and a 52-week high of $46.15.

California Water Service Group (NYSE:CWT) last released its earnings results on Thursday, July 26th. The utilities provider reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.08). The company had revenue of $172.63 million during the quarter, compared to analyst estimates of $172.30 million. California Water Service Group had a net margin of 8.55% and a return on equity of 8.44%. California Water Service Group’s revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.39 EPS. On average, analysts anticipate that California Water Service Group will post 1.25 earnings per share for the current year.

A number of research firms recently issued reports on CWT. Zacks Investment Research raised California Water Service Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Evercore ISI began coverage on California Water Service Group in a research report on Monday, September 17th. They issued an “in-line” rating and a $42.00 target price on the stock. Wells Fargo & Co began coverage on California Water Service Group in a research report on Monday, August 27th. They issued a “market perform” rating on the stock. Finally, ValuEngine raised California Water Service Group from a “hold” rating to a “buy” rating in a research report on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. California Water Service Group has an average rating of “Hold” and a consensus price target of $41.75.

In related news, VP David B. Healey sold 1,000 shares of California Water Service Group stock in a transaction dated Thursday, September 13th. The stock was sold at an average price of $41.76, for a total value of $41,760.00. Following the sale, the vice president now owns 14,492 shares of the company’s stock, valued at $605,185.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

California Water Service Group Company Profile

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection.

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Institutional Ownership by Quarter for California Water Service Group (NYSE:CWT)

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