Consolidated Water (NASDAQ:CWCO) Lowered to Hold at StockNews.com

Consolidated Water (NASDAQ:CWCO) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

Consolidated Water Trading Down 0.5 %

CWCO opened at $24.83 on Wednesday. Consolidated Water has a one year low of $16.50 and a one year high of $38.29. The business’s 50 day moving average price is $27.69 and its 200 day moving average price is $31.08.

Institutional Trading of Consolidated Water

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CWCO. SG Americas Securities LLC purchased a new stake in Consolidated Water in the third quarter valued at approximately $148,000. Commonwealth Equity Services LLC purchased a new stake in Consolidated Water in the third quarter valued at approximately $234,000. Raymond James & Associates purchased a new stake in Consolidated Water in the third quarter valued at approximately $257,000. Bank of New York Mellon Corp raised its position in Consolidated Water by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 58,218 shares of the utilities provider’s stock valued at $1,656,000 after purchasing an additional 2,157 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Consolidated Water by 15,117.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,913 shares of the utilities provider’s stock valued at $225,000 after purchasing an additional 7,861 shares during the period. Hedge funds and other institutional investors own 55.16% of the company’s stock.

About Consolidated Water

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.