Consolidated Water Co. (CWCO) Rating Lowered to Hold at TheStreet
Consolidated Water Co. (NASDAQ:CWCO) was downgraded by stock analysts at TheStreet from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.
Separately, Zacks Investment Research upgraded shares of Consolidated Water from a “sell” rating to a “hold” rating in a research report on Monday, October 17th.
Shares of Consolidated Water (NASDAQ:CWCO) opened at 11.00 on Thursday. The stock has a 50 day moving average of $11.10 and a 200-day moving average of $12.59. The stock has a market cap of $163.00 million, a PE ratio of 40.89 and a beta of 0.78. Consolidated Water has a 52 week low of $10.23 and a 52 week high of $14.69.
Consolidated Water (NASDAQ:CWCO) last released its earnings results on Thursday, November 10th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.29. Consolidated Water had a return on equity of 5.03% and a net margin of 6.97%. The firm had revenue of $5.45 million for the quarter, compared to the consensus estimate of $16.10 million. Equities research analysts predict that Consolidated Water will post $0.61 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 3rd were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Thursday, September 29th. Consolidated Water’s payout ratio is currently 111.11%.
In other Consolidated Water news, Director Richard Finlay purchased 10,000 shares of Consolidated Water stock in a transaction that occurred on Wednesday, August 31st. The shares were bought at an average price of $12.73 per share, for a total transaction of $127,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.18% of the company’s stock.
Large investors have recently made changes to their positions in the company. Martingale Asset Management L P acquired a new stake in shares of Consolidated Water during the second quarter valued at $142,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Consolidated Water during the third quarter valued at $139,000. Rhumbline Advisers boosted its stake in shares of Consolidated Water by 0.6% in the third quarter. Rhumbline Advisers now owns 19,602 shares of the company’s stock valued at $228,000 after buying an additional 110 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Consolidated Water by 4.1% in the second quarter. Vanguard Group Inc. now owns 24,370 shares of the company’s stock valued at $318,000 after buying an additional 949 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Consolidated Water during the second quarter valued at $334,000. Institutional investors own 47.74% of the company’s stock.
Consolidated Water 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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