Monarch Partners Asset Management LLC grew its position in AquaVenture Holdings Ltd (NYSE:WAAS) by 140.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 615,927 shares of the company’s stock after acquiring an additional 359,578 shares during the quarter. AquaVenture accounts for about 1.8% of Monarch Partners Asset Management LLC’s holdings, making the stock its 8th largest position. Monarch Partners Asset Management LLC owned 1.94% of AquaVenture worth $11,967,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in WAAS. First Trust Advisors LP raised its holdings in shares of AquaVenture by 58.7% in the 3rd quarter. First Trust Advisors LP now owns 322,570 shares of the company’s stock worth $6,268,000 after buying an additional 119,306 shares in the last quarter. Teton Advisors Inc. raised its holdings in shares of AquaVenture by 32.7% in the 3rd quarter. Teton Advisors Inc. now owns 32,500 shares of the company’s stock worth $631,000 after buying an additional 8,000 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of AquaVenture by 356.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 166,109 shares of the company’s stock worth $3,217,000 after buying an additional 129,729 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of AquaVenture by 56.4% in the 3rd quarter. Handelsbanken Fonder AB now owns 1,095,000 shares of the company’s stock worth $21,276,000 after buying an additional 395,000 shares in the last quarter. Finally, Quest Capital Management Inc. ADV acquired a new position in shares of AquaVenture in the 3rd quarter worth approximately $127,000. Institutional investors own 31.60% of the company’s stock.
WAAS has been the subject of a number of recent research reports. ValuEngine raised AquaVenture from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Royal Bank of Canada reissued a “buy” rating and issued a $23.00 target price on shares of AquaVenture in a report on Sunday, August 11th. Finally, Zacks Investment Research raised AquaVenture from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a report on Wednesday, September 18th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. AquaVenture currently has an average rating of “Buy” and an average price target of $26.86.
WAAS stock traded down $0.35 during midday trading on Friday, reaching $21.17. 107,515 shares of the company’s stock traded hands, compared to its average volume of 125,697. The company has a 50-day simple moving average of $19.29 and a two-hundred day simple moving average of $18.67. AquaVenture Holdings Ltd has a 1-year low of $16.08 and a 1-year high of $23.35. The company has a market cap of $641.64 million, a price-to-earnings ratio of -27.14 and a beta of 0.91. The company has a quick ratio of 2.05, a current ratio of 2.49 and a debt-to-equity ratio of 0.96.
AquaVenture (NYSE:WAAS) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.13) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.07. AquaVenture had a negative return on equity of 5.55% and a negative net margin of 10.53%. The firm had revenue of $52.90 million during the quarter, compared to analysts’ expectations of $49.13 million. During the same period last year, the firm posted ($0.10) EPS. The business’s revenue was up 43.8% on a year-over-year basis. Equities research analysts forecast that AquaVenture Holdings Ltd will post -0.71 EPS for the current year.
AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.
Recommended Story: Using other technical indicators with support levels
Receive News & Ratings for AquaVenture Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AquaVenture and related companies with MarketBeat.com's FREE daily email newsletter.