Consolidated Water Co. Ltd. (CWCO) Downgraded by TheStreet
Consolidated Water Co. Ltd. (NASDAQ:CWCO) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Wednesday.
Separately, Zacks Investment Research upgraded Consolidated Water Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th.
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Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in Consolidated Water Co. by 3.5% during the first quarter. Royal Bank of Canada now owns 8,281 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 281 shares during the last quarter. American International Group Inc. lifted its stake in Consolidated Water Co. by 7.1% during the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 593 shares during the last quarter. Brandes Investment Partners LP purchased a new stake in Consolidated Water Co. during the first quarter worth approximately $124,000. Alliancebernstein L.P. purchased a new stake in Consolidated Water Co. during the second quarter worth approximately $135,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Consolidated Water Co. during the first quarter worth approximately $144,000. Institutional investors and hedge funds own 45.74% of the company’s stock.
Consolidated Water Co. Company Profile
Consolidated Water Co Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations, bulk water operations and services operations.
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