Uniplan Investment Counsel Inc. reduced its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 38.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 287,694 shares of the utilities provider’s stock after selling 180,532 shares during the quarter. Uniplan Investment Counsel Inc. owned approximately 1.93% of Consolidated Water Co. worth $3,567,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in CWCO. Parametric Portfolio Associates LLC acquired a new position in Consolidated Water Co. in the 1st quarter valued at approximately $3,982,000. Ameriprise Financial Inc. increased its position in Consolidated Water Co. by 261.5% in the 1st quarter. Ameriprise Financial Inc. now owns 242,780 shares of the utilities provider’s stock valued at $2,827,000 after acquiring an additional 175,619 shares during the period. RMB Capital Management LLC acquired a new position in Consolidated Water Co. in the 1st quarter valued at approximately $1,166,000. LSV Asset Management acquired a new position in Consolidated Water Co. in the 1st quarter valued at approximately $997,000. Finally, First Manhattan Co. increased its position in Consolidated Water Co. by 9.3% in the 2nd quarter. First Manhattan Co. now owns 755,813 shares of the utilities provider’s stock valued at $9,372,000 after acquiring an additional 64,600 shares during the period. Hedge funds and other institutional investors own 45.72% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Consolidated Water Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.
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Shares of Consolidated Water Co. Ltd. (CWCO) traded down 0.40% on Wednesday, reaching $12.55. 5,554 shares of the company traded hands. Consolidated Water Co. Ltd. has a one year low of $9.80 and a one year high of $13.10. The stock has a market capitalization of $187.00 million, a P/E ratio of 63.38 and a beta of 0.89. The stock’s 50 day moving average price is $12.31 and its 200-day moving average price is $11.96.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Monday, October 2nd will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date is Friday, September 29th. Consolidated Water Co.’s dividend payout ratio (DPR) is 150.01%.
Consolidated Water Co. Company Profile
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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