Morgan Stanley decreased its position in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 4.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 665,084 shares of the utilities provider’s stock after selling 32,845 shares during the period. Morgan Stanley owned about 4.47% of Consolidated Water Co. worth $7,748,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the company. American International Group Inc. boosted its stake in Consolidated Water Co. by 7.1% in the first quarter. American International Group Inc. now owns 8,953 shares of the utilities provider’s stock valued at $104,000 after buying an additional 593 shares during the last quarter. Brandes Investment Partners LP acquired a new stake in Consolidated Water Co. during the first quarter valued at $124,000. Campbell & CO Investment Adviser LLC acquired a new stake in Consolidated Water Co. during the first quarter valued at $144,000. Trexquant Investment LP boosted its stake in Consolidated Water Co. by 26.4% in the first quarter. Trexquant Investment LP now owns 21,886 shares of the utilities provider’s stock valued at $255,000 after buying an additional 4,567 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in Consolidated Water Co. by 10.5% in the fourth quarter. Teachers Advisors LLC now owns 23,541 shares of the utilities provider’s stock valued at $255,000 after buying an additional 2,233 shares during the last quarter. Hedge funds and other institutional investors own 51.42% of the company’s stock.
Consolidated Water Co. Ltd. (NASDAQ:CWCO) traded up 3.77% during mid-day trading on Friday, reaching $12.40. The company’s stock had a trading volume of 38,258 shares. The company has a market capitalization of $184.76 million, a PE ratio of 62.63 and a beta of 0.87. The firm has a 50 day moving average price of $12.64 and a 200-day moving average price of $11.68. Consolidated Water Co. Ltd. has a 1-year low of $9.80 and a 1-year high of $13.35.
The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Monday, July 3rd were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Thursday, June 29th. Consolidated Water Co.’s dividend payout ratio (DPR) is presently 150.01%.
Several equities research analysts recently weighed in on CWCO shares. TheStreet upgraded Consolidated Water Co. from a “c+” rating to a “b-” rating in a research note on Monday, April 24th. Zacks Investment Research cut Consolidated Water Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st.
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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