Accurate Investment Solutions Inc. Increases Position in California Water Service Group Holding (CWT)

Accurate Investment Solutions Inc. boosted its position in shares of California Water Service Group Holding (NYSE:CWT) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,917 shares of the utilities provider’s stock after buying an additional 8 shares during the period. Accurate Investment Solutions Inc.’s holdings in California Water Service Group Holding were worth $107,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. GHP Investment Advisors Inc. raised its position in shares of California Water Service Group Holding by 1.6% in the first quarter. GHP Investment Advisors Inc. now owns 72,122 shares of the utilities provider’s stock worth $2,586,000 after buying an additional 1,146 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of California Water Service Group Holding during the fourth quarter worth about $129,000. Baldwin Brothers Inc. MA purchased a new position in shares of California Water Service Group Holding during the first quarter worth about $368,000. Principal Financial Group Inc. raised its position in shares of California Water Service Group Holding by 4.3% in the first quarter. Principal Financial Group Inc. now owns 418,991 shares of the utilities provider’s stock worth $15,021,000 after buying an additional 17,427 shares during the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of California Water Service Group Holding by 62.5% in the first quarter. LS Investment Advisors LLC now owns 2,782 shares of the utilities provider’s stock worth $100,000 after buying an additional 1,070 shares during the last quarter. 68.49% of the stock is owned by hedge funds and other institutional investors.

California Water Service Group Holding (NYSE CWT) traded up 0.65% during midday trading on Tuesday, hitting $38.65. The stock had a trading volume of 32,540 shares. The company has a market cap of $1.86 billion, a P/E ratio of 36.81 and a beta of 0.68. California Water Service Group Holding has a one year low of $29.25 and a one year high of $39.40. The stock’s 50-day moving average is $36.98 and its 200-day moving average is $35.49.

California Water Service Group Holding (NYSE:CWT) last released its earnings results on Thursday, April 27th. The utilities provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by $0.03. California Water Service Group Holding had a return on equity of 7.79% and a net margin of 8.30%. The business had revenue of $122.04 million for the quarter, compared to analyst estimates of $128.30 million. During the same period in the prior year, the firm posted ($0.02) EPS. California Water Service Group Holding’s revenue was up .3% on a year-over-year basis. Equities analysts predict that California Water Service Group Holding will post $1.29 EPS for the current fiscal year.

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CWT has been the subject of a number of research reports. Zacks Investment Research lowered California Water Service Group Holding from a “hold” rating to a “sell” rating in a research note on Friday, April 28th. BidaskClub raised California Water Service Group Holding from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. US Capital Advisors reissued a “hold” rating on shares of California Water Service Group Holding in a research note on Monday, July 17th. Finally, Gabelli lowered California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. California Water Service Group Holding currently has a consensus rating of “Hold” and an average price target of $33.20.

In other California Water Service Group Holding news, VP David B. Healey sold 1,000 shares of California Water Service Group Holding stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $35.90, for a total transaction of $35,900.00. Following the completion of the sale, the vice president now owns 13,574 shares of the company’s stock, valued at approximately $487,306.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

About California Water Service Group Holding

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

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