Consolidated Water Co. Ltd. (NASDAQ:CWCO) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 87,600 shares, an increase of 14.1% from the June 30th total of 76,800 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 43,100 shares, the days-to-cover ratio is currently 2.0 days.
Several analysts have issued reports on CWCO shares. ValuEngine upgraded Consolidated Water from a “hold” rating to a “buy” rating in a research note on Wednesday, May 15th. Zacks Investment Research lowered Consolidated Water from a “hold” rating to a “sell” rating and set a $15.00 target price on the stock. in a research note on Thursday, June 6th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of Consolidated Water in a research note on Tuesday.
Shares of NASDAQ CWCO traded down $0.15 during mid-day trading on Wednesday, hitting $14.31. The company had a trading volume of 71,672 shares, compared to its average volume of 40,388. The firm has a market capitalization of $211.93 million, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.67 and a beta of 0.63. Consolidated Water has a 1 year low of $10.76 and a 1 year high of $15.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.42 and a quick ratio of 7.94. The business’s 50-day simple moving average is $14.19.
Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings results on Monday, August 12th. The utilities provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.01). The company had revenue of $18.31 million during the quarter, compared to analysts’ expectations of $16.80 million. Consolidated Water had a net margin of 22.59% and a return on equity of 5.82%. As a group, research analysts forecast that Consolidated Water will post 0.66 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Monday, July 1st were given a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Friday, June 28th. Consolidated Water’s dividend payout ratio (DPR) is presently 50.00%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of Consolidated Water by 552.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,081 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 2,609 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Consolidated Water by 114.2% in the second quarter. Advisory Services Network LLC now owns 5,196 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 2,770 shares in the last quarter. Hendershot Investments Inc. purchased a new position in shares of Consolidated Water in the first quarter valued at $135,000. Campbell & CO Investment Adviser LLC grew its position in shares of Consolidated Water by 22.2% in the first quarter. Campbell & CO Investment Adviser LLC now owns 15,213 shares of the utilities provider’s stock valued at $196,000 after purchasing an additional 2,759 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in Consolidated Water by 15.9% during the second quarter. HighTower Advisors LLC now owns 18,222 shares of the utilities provider’s stock worth $260,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 53.87% of the company’s stock.
Consolidated Water Company 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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