Teton Advisors LLC Acquires New Position in Consolidated Water Co. Ltd. $CWCO

Teton Advisors LLC bought a new position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 32,500 shares of the utilities provider’s stock, valued at approximately $1,147,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Consolidated Water by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 966,950 shares of the utilities provider’s stock valued at $34,114,000 after buying an additional 13,951 shares during the period. AltraVue Capital LLC increased its position in shares of Consolidated Water by 2.1% during the third quarter. AltraVue Capital LLC now owns 709,810 shares of the utilities provider’s stock worth $25,042,000 after acquiring an additional 14,400 shares during the period. JPMorgan Chase & Co. increased its position in shares of Consolidated Water by 18.9% during the second quarter. JPMorgan Chase & Co. now owns 637,378 shares of the utilities provider’s stock worth $19,134,000 after acquiring an additional 101,434 shares during the period. Geode Capital Management LLC raised its stake in shares of Consolidated Water by 1.1% in the second quarter. Geode Capital Management LLC now owns 433,685 shares of the utilities provider’s stock valued at $13,021,000 after acquiring an additional 4,711 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Consolidated Water by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock valued at $4,189,000 after acquiring an additional 13,061 shares in the last quarter. 55.16% of the stock is currently owned by institutional investors and hedge funds.

Consolidated Water Trading Down 3.3%

Shares of NASDAQ:CWCO opened at $35.29 on Friday. Consolidated Water Co. Ltd. has a 52 week low of $22.69 and a 52 week high of $39.12. The company’s 50 day moving average is $36.90 and its two-hundred day moving average is $35.31. The company has a market cap of $562.17 million, a PE ratio of 36.38 and a beta of 0.50.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, April 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.6%. Consolidated Water’s payout ratio is presently 57.73%.

Analysts Set New Price Targets

CWCO has been the subject of several analyst reports. Wall Street Zen raised Consolidated Water from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Consolidated Water in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Consolidated Water has a consensus rating of “Buy” and an average target price of $40.00.

About Consolidated Water

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.