Consolidated Water Co. Ltd. (NASDAQ:CWCO) Position Increased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 7.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,620 shares of the utilities provider’s stock after buying an additional 764 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Consolidated Water were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CWCO. Wasatch Advisors LP purchased a new stake in Consolidated Water during the fourth quarter valued at about $4,443,000. Heartland Advisors Inc. acquired a new position in Consolidated Water in the fourth quarter worth approximately $2,833,000. Northern Trust Corp increased its holdings in Consolidated Water by 32.9% in the fourth quarter. Northern Trust Corp now owns 194,024 shares of the utilities provider’s stock worth $5,023,000 after buying an additional 47,982 shares during the last quarter. Trexquant Investment LP grew its holdings in Consolidated Water by 284.8% during the fourth quarter. Trexquant Investment LP now owns 43,381 shares of the utilities provider’s stock valued at $1,123,000 after purchasing an additional 32,106 shares during the last quarter. Finally, Illumine Investment Management LLC acquired a new position in Consolidated Water during the fourth quarter valued at approximately $436,000. 55.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Consolidated Water from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd.

Consolidated Water Trading Up 0.4%

Shares of Consolidated Water stock opened at $27.27 on Friday. The company’s fifty day simple moving average is $24.56 and its 200-day simple moving average is $25.80. The company has a market cap of $434.06 million, a price-to-earnings ratio of 16.83, a PEG ratio of 2.44 and a beta of 0.39. Consolidated Water Co. Ltd. has a 1 year low of $22.69 and a 1 year high of $29.88.

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%. As a group, research analysts forecast that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.

Consolidated Water Company 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.