Connecticut Water Service Inc (CTWS) Position Held by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. held its position in shares of Connecticut Water Service Inc (NASDAQ:CTWS) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,500 shares of the utilities provider’s stock at the end of the first quarter. UBS Asset Management Americas Inc.’s holdings in Connecticut Water Service were worth $239,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in CTWS. Bank of New York Mellon Corp raised its position in Connecticut Water Service by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 91,410 shares of the utilities provider’s stock worth $4,858,000 after buying an additional 1,702 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Connecticut Water Service by 7.5% in the first quarter. Janney Montgomery Scott LLC now owns 13,638 shares of the utilities provider’s stock worth $725,000 after buying an additional 954 shares during the last quarter. Sit Investment Associates Inc. raised its stake in shares of Connecticut Water Service by 381.8% in the first quarter. Sit Investment Associates Inc. now owns 5,300 shares of the utilities provider’s stock worth $282,000 after buying an additional 4,200 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Connecticut Water Service by 17.6% in the first quarter. ProShare Advisors LLC now owns 122,829 shares of the utilities provider’s stock worth $6,528,000 after buying an additional 18,393 shares during the last quarter. Finally, First Manhattan Co. raised its stake in shares of Connecticut Water Service by 2.5% in the first quarter. First Manhattan Co. now owns 38,046 shares of the utilities provider’s stock worth $1,892,000 after buying an additional 925 shares during the last quarter. Institutional investors and hedge funds own 45.56% of the company’s stock.

Shares of Connecticut Water Service Inc (NASDAQ:CTWS) traded down 2.46% on Friday, reaching $54.72. The company’s stock had a trading volume of 30,242 shares. The company’s 50 day moving average is $56.63 and its 200-day moving average is $54.93. The firm has a market cap of $632.78 million, a price-to-earnings ratio of 25.37 and a beta of 0.09. Connecticut Water Service Inc has a 1-year low of $45.13 and a 1-year high of $62.15.

Connecticut Water Service (NASDAQ:CTWS) last issued its earnings results on Tuesday, August 8th. The utilities provider reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by $0.03. Connecticut Water Service had a net margin of 30.17% and a return on equity of 13.11%. The business had revenue of $29.50 million for the quarter. Equities research analysts expect that Connecticut Water Service Inc will post $2.21 EPS for the current year.

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Separately, Zacks Investment Research upgraded Connecticut Water Service from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

About Connecticut Water Service

Connecticut Water Service, Inc is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc (NEWUS),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).

Institutional Ownership by Quarter for Connecticut Water Service (NASDAQ:CTWS)

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