State of Wyoming Acquires 4,759 Shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO)

State of Wyoming grew its holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 125.1% in the 4th quarter, Holdings Channel reports. The fund owned 8,563 shares of the utilities provider’s stock after purchasing an additional 4,759 shares during the quarter. State of Wyoming’s holdings in Consolidated Water were worth $222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CWCO. Sherbrooke Park Advisers LLC bought a new position in Consolidated Water in the fourth quarter worth $227,000. Raiffeisen Bank International AG bought a new position in Consolidated Water in the fourth quarter worth $258,000. Man Group plc bought a new position in Consolidated Water in the fourth quarter worth $223,000. Millennium Management LLC bought a new position in Consolidated Water in the fourth quarter worth $2,167,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Consolidated Water by 7.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,620 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 764 shares during the period. 55.16% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Consolidated Water from a “sell” rating to a “hold” rating in a research report on Thursday.

Consolidated Water Price Performance

Shares of CWCO stock opened at $26.79 on Friday. The stock has a market cap of $426.42 million, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 2.44 and a beta of 0.39. Consolidated Water Co. Ltd. has a one year low of $22.69 and a one year high of $29.88. The stock has a fifty day moving average price of $24.46 and a 200 day moving average price of $25.72.

Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Monday, May 12th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.22 by $0.09. The firm had revenue of $33.72 million during the quarter, compared to analysts’ expectations of $32.30 million. Consolidated Water had a return on equity of 12.98% and a net margin of 23.06%. Equities research analysts anticipate that Consolidated Water Co. Ltd. will post 1.27 EPS for the current year.

Consolidated Water Profile

Consolidated Water Co Ltd., together with its subsidiaries, designs, constructs, manages, and operates water production and water treatment plants primarily in the Cayman Islands, the Bahamas, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.