Consolidated Water Co. (NASDAQ:CWCO) Director Raymond Whittaker sold 11,109 shares of Consolidated Water stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $11.52, for a total value of $127,975.68. Following the completion of the transaction, the director now owns 24,065 shares in the company, valued at $277,228.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Consolidated Water Co. (NASDAQ:CWCO) remained flat at $11.10 on Thursday. The company’s stock had a trading volume of 56,342 shares. Consolidated Water Co. has a 12-month low of $10.23 and a 12-month high of $14.69. The stock has a market capitalization of $164.48 million, a price-to-earnings ratio of 41.26 and a beta of 0.78. The company’s 50 day moving average price is $11.09 and its 200 day moving average price is $12.50.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings data on Thursday, November 10th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.29. The company earned $5.45 million during the quarter, compared to analyst estimates of $16.10 million. Consolidated Water had a net margin of 6.97% and a return on equity of 5.03%. On average, analysts anticipate that Consolidated Water Co. will post $0.61 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Monday, October 3rd were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Thursday, September 29th. Consolidated Water’s payout ratio is currently 111.11%.

A number of research analysts have recently issued reports on the company. TheStreet downgraded Consolidated Water from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Zacks Investment Research upgraded Consolidated Water from a “sell” rating to a “hold” rating in a report on Monday, October 17th.

Several hedge funds have recently made changes to their positions in CWCO. First Manhattan Co. boosted its stake in shares of Consolidated Water by 0.7% in the third quarter. First Manhattan Co. now owns 697,213 shares of the company’s stock valued at $8,101,000 after buying an additional 4,846 shares during the last quarter. Uniplan Investment Counsel Inc. boosted its stake in shares of Consolidated Water by 2.0% in the third quarter. Uniplan Investment Counsel Inc. now owns 454,338 shares of the company’s stock valued at $5,279,000 after buying an additional 8,748 shares during the last quarter. BlackRock Fund Advisors boosted its stake in shares of Consolidated Water by 9.3% in the third quarter. BlackRock Fund Advisors now owns 405,797 shares of the company’s stock valued at $4,715,000 after buying an additional 34,650 shares during the last quarter. Argent Capital Management LLC boosted its stake in shares of Consolidated Water by 20.2% in the second quarter. Argent Capital Management LLC now owns 199,950 shares of the company’s stock valued at $2,611,000 after buying an additional 33,550 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Consolidated Water by 12.5% in the third quarter. First Trust Advisors LP now owns 199,293 shares of the company’s stock valued at $2,316,000 after buying an additional 22,218 shares during the last quarter. Institutional investors and hedge funds own 46.14% of the company’s stock.

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About Consolidated Water

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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