AquaVenture Holdings Ltd (WAAS) Stake Cut by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut its stake in AquaVenture Holdings Ltd (NASDAQ:WAAS) by 37.5% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 8,457 shares of the company’s stock after selling 5,085 shares during the period. JPMorgan Chase & Co.’s holdings in AquaVenture Holdings were worth $144,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ecofin Ltd. boosted its position in AquaVenture Holdings by 79.1% in the first quarter. Ecofin Ltd. now owns 995,146 shares of the company’s stock valued at $16,987,000 after buying an additional 439,445 shares during the period. Ameriprise Financial Inc. boosted its position in AquaVenture Holdings by 20.3% in the first quarter. Ameriprise Financial Inc. now owns 175,196 shares of the company’s stock valued at $2,991,000 after buying an additional 29,526 shares during the period. Bank of New York Mellon Corp boosted its position in AquaVenture Holdings by 66.9% in the first quarter. Bank of New York Mellon Corp now owns 29,964 shares of the company’s stock valued at $511,000 after buying an additional 12,007 shares during the period. GCA Investment Management LLC purchased a new position in AquaVenture Holdings during the first quarter valued at approximately $3,182,000. Finally, Wells Fargo & Company MN boosted its position in AquaVenture Holdings by 271.9% in the first quarter. Wells Fargo & Company MN now owns 9,438 shares of the company’s stock valued at $161,000 after buying an additional 6,900 shares during the period.
Shares of AquaVenture Holdings Ltd (WAAS) opened at 16.10 on Monday. AquaVenture Holdings Ltd has a 52 week low of $14.27 and a 52 week high of $26.33. The firm’s market capitalization is $425.17 million. The stock has a 50 day moving average of $15.69 and a 200-day moving average of $17.06.
AquaVenture Holdings (NASDAQ:WAAS) last announced its earnings results on Tuesday, May 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.23). The business had revenue of $29.01 million during the quarter, compared to analysts’ expectations of $29.93 million. AquaVenture Holdings had a negative net margin of 21.12% and a negative return on equity of 6.72%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Analysts expect that AquaVenture Holdings Ltd will post ($0.81) earnings per share for the current year.
Several research analysts have commented on the stock. Canaccord Genuity restated a “buy” rating and issued a $28.00 target price on shares of AquaVenture Holdings in a research report on Thursday, May 18th. Zacks Investment Research cut shares of AquaVenture Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $27.00.
In related news, CEO Douglas R. Brown acquired 10,000 shares of the stock in a transaction on Wednesday, May 24th. The stock was purchased at an average price of $17.05 per share, for a total transaction of $170,500.00. Following the transaction, the chief executive officer now owns 1,445,845 shares of the company’s stock, valued at approximately $24,651,657.25. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Evan Lovell acquired 6,300 shares of the stock in a transaction on Friday, May 12th. The stock was bought at an average price of $16.06 per share, with a total value of $101,178.00. Following the transaction, the director now directly owns 6,300 shares in the company, valued at approximately $101,178. The disclosure for this purchase can be found here. Insiders have purchased a total of 32,800 shares of company stock valued at $547,558 in the last quarter.
AquaVenture Holdings Company Profile
AquaVenture Holdings Limited is a multinational provider of Water-as-a-Service solutions. The Company’s segments are Seven Seas Water and Quench. The Seven Seas Water segment provides outsourced desalination solutions and wastewater treatment for governmental, municipal, industrial and hospitality customers.
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