Ellsworth Advisors LLC Purchases New Shares in Consolidated Water Co. Ltd. $CWCO

Ellsworth Advisors LLC acquired a new position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 22,950 shares of the utilities provider’s stock, valued at approximately $834,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CWCO. Kingstone Capital Partners Texas LLC purchased a new position in shares of Consolidated Water during the second quarter worth about $31,013,000. JPMorgan Chase & Co. lifted its position in Consolidated Water by 18.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 637,378 shares of the utilities provider’s stock worth $19,134,000 after acquiring an additional 101,434 shares during the period. Geode Capital Management LLC grew its stake in shares of Consolidated Water by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 433,685 shares of the utilities provider’s stock valued at $13,021,000 after purchasing an additional 4,711 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Consolidated Water by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 171,037 shares of the utilities provider’s stock valued at $4,189,000 after purchasing an additional 13,061 shares during the period. Finally, Seizert Capital Partners LLC raised its stake in shares of Consolidated Water by 2.3% during the second quarter. Seizert Capital Partners LLC now owns 153,975 shares of the utilities provider’s stock worth $4,622,000 after purchasing an additional 3,419 shares during the last quarter. 55.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CWCO shares. Weiss Ratings upgraded shares of Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Consolidated Water from a “hold” rating to a “buy” rating in a report on Sunday, November 16th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $40.00.

Consolidated Water Price Performance

Shares of CWCO stock opened at $35.78 on Friday. The business’s fifty day moving average price is $35.00 and its 200 day moving average price is $32.88. The firm has a market capitalization of $569.98 million, a PE ratio of 36.89 and a beta of 0.50. Consolidated Water Co. Ltd. has a 1-year low of $22.69 and a 1-year high of $38.36.

Consolidated Water (NASDAQ:CWCO) last issued its earnings results on Monday, November 10th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.24 by $0.10. Consolidated Water had a net margin of 12.90% and a return on equity of 7.95%. The company had revenue of $35.12 million for the quarter, compared to analyst estimates of $32.90 million. Equities research analysts expect that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.

Consolidated Water Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 2nd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. Consolidated Water’s payout ratio is 57.73%.

Insider Buying and Selling at Consolidated Water

In other news, CEO Frederick W. Mctaggart sold 1,848 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $35.76, for a total value of $66,084.48. Following the completion of the transaction, the chief executive officer owned 287,310 shares in the company, valued at $10,274,205.60. This trade represents a 0.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wilmer F. Pergande sold 4,299 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $33.75, for a total transaction of $145,091.25. Following the completion of the sale, the director directly owned 31,884 shares in the company, valued at approximately $1,076,085. The trade was a 11.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,200 shares of company stock worth $246,978 in the last three months. 6.25% of the stock is owned by corporate insiders.

About Consolidated Water

Consolidated Water Co Ltd. is a developer, operator and manufacturer of water treatment and desalination systems. The company designs, engineers, builds and operates reverse-osmosis desalination plants and water treatment facilities, offering both turnkey project delivery and ongoing operations and maintenance services. Its product portfolio includes modular desalination units, water distribution systems, filtration membranes and associated equipment for potable water production.

Consolidated Water serves municipalities, resorts, commercial enterprises and private customers in the Caribbean and the southeastern United States.