AquaVenture Holdings Ltd (WAAS) CEO Purchases $354,464.14 in Stock
AquaVenture Holdings Ltd (NASDAQ:WAAS) CEO Douglas R. Brown acquired 24,179 shares of the stock in a transaction dated Tuesday, August 15th. The stock was bought at an average cost of $14.66 per share, with a total value of $354,464.14. Following the completion of the purchase, the chief executive officer now owns 1,452,845 shares of the company’s stock, valued at $21,298,707.70. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.
AquaVenture Holdings Ltd (NASDAQ WAAS) traded down 0.20% during trading on Tuesday, hitting $14.76. The stock had a trading volume of 51,691 shares. The company’s market capitalization is $390.06 million. The stock’s 50-day moving average price is $15.58 and its 200-day moving average price is $16.81. AquaVenture Holdings Ltd has a 1-year low of $14.27 and a 1-year high of $26.33.
AquaVenture Holdings (NASDAQ:WAAS) last released its earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by $0.07. AquaVenture Holdings had a negative net margin of 21.12% and a negative return on equity of 6.72%. The business had revenue of $29 million for the quarter, compared to analysts’ expectations of $30.91 million. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Analysts expect that AquaVenture Holdings Ltd will post ($0.88) earnings per share for the current year.
TRADEMARK VIOLATION WARNING: “AquaVenture Holdings Ltd (WAAS) CEO Purchases $354,464.14 in Stock” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/15/aquaventure-holdings-ltd-waas-ceo-purchases-354464-14-in-stock.html.
A number of institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of AquaVenture Holdings by 9.7% in the second quarter. FMR LLC now owns 1,596,853 shares of the company’s stock worth $24,321,000 after buying an additional 140,650 shares during the last quarter. TimesSquare Capital Management LLC raised its position in shares of AquaVenture Holdings by 15.1% in the first quarter. TimesSquare Capital Management LLC now owns 1,301,500 shares of the company’s stock worth $22,217,000 after buying an additional 171,200 shares during the last quarter. Ecofin Ltd. raised its position in shares of AquaVenture Holdings by 79.1% in the first quarter. Ecofin Ltd. now owns 995,146 shares of the company’s stock worth $16,987,000 after buying an additional 439,445 shares during the last quarter. Wellington Management Group LLP raised its position in shares of AquaVenture Holdings by 61.2% in the first quarter. Wellington Management Group LLP now owns 726,511 shares of the company’s stock worth $12,402,000 after buying an additional 275,899 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of AquaVenture Holdings by 44.3% in the second quarter. Alliancebernstein L.P. now owns 571,708 shares of the company’s stock worth $8,707,000 after buying an additional 175,460 shares during the last quarter.
Several brokerages have recently commented on WAAS. Canaccord Genuity reissued a “buy” rating and issued a $23.00 price objective (down from $28.00) on shares of AquaVenture Holdings in a research note on Thursday, August 10th. Zacks Investment Research downgraded AquaVenture Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $25.00 target price (down from $27.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.83.
About AquaVenture Holdings
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.
Receive News & Ratings for AquaVenture Holdings Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AquaVenture Holdings Ltd and related companies with MarketBeat.com's FREE daily email newsletter.