Raiffeisen Bank International AG Purchases New Shares in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Raiffeisen Bank International AG purchased a new position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the utilities provider’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Inspire Investing LLC purchased a new stake in shares of Consolidated Water in the fourth quarter valued at $849,000. SG Americas Securities LLC grew its holdings in Consolidated Water by 23.9% during the 4th quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 1,251 shares during the last quarter. Franklin Resources Inc. raised its position in Consolidated Water by 3.1% in the 3rd quarter. Franklin Resources Inc. now owns 29,860 shares of the utilities provider’s stock worth $773,000 after purchasing an additional 897 shares during the period. Geode Capital Management LLC lifted its stake in Consolidated Water by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 438,223 shares of the utilities provider’s stock worth $11,347,000 after purchasing an additional 15,060 shares during the last quarter. Finally, Illumine Investment Management LLC purchased a new position in shares of 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.

Insider Buying and Selling

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $28.00, for a total value of $56,000.00. Following the transaction, the chief executive officer now owns 271,995 shares of the company’s stock, valued at $7,615,860. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.87% of the stock is currently owned by insiders.

Consolidated Water Stock Performance

CWCO opened at $26.50 on Monday. The stock’s 50 day moving average price is $24.62 and its 200-day moving average price is $25.65. Consolidated Water Co. Ltd. has a one year low of $22.69 and a one year high of $29.88. The stock has a market cap of $421.80 million, a price-to-earnings ratio of 16.36, a P/E/G ratio of 2.44 and a beta of 0.39.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. Consolidated Water had a return on equity of 12.98% and a net margin of 23.06%. The company had revenue of $33.72 million for the quarter, compared to the consensus estimate of $32.30 million. As a group, analysts predict that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current fiscal year.

Consolidated Water Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 1st were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date was Tuesday, April 1st. Consolidated Water’s payout ratio is presently 27.16%.

About Consolidated Water

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.