Allspring Global Investments Holdings LLC Has $1.60 Million Stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Allspring Global Investments Holdings LLC lowered its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,623 shares of the utilities provider’s stock after selling 5,078 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Consolidated Water were worth $1,604,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Consolidated Water by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 323,906 shares of the utilities provider’s stock worth $9,494,000 after buying an additional 9,837 shares during the period. Bank of New York Mellon Corp increased its position in Consolidated Water by 36.0% during the second quarter. Bank of New York Mellon Corp now owns 76,702 shares of the utilities provider’s stock worth $2,036,000 after acquiring an additional 20,315 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in Consolidated Water in the 2nd quarter worth about $524,000. AltraVue Capital LLC boosted its holdings in Consolidated Water by 15.1% in the 2nd quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider’s stock valued at $19,762,000 after purchasing an additional 97,740 shares during the period. Finally, Hussman Strategic Advisors Inc. grew its position in shares of Consolidated Water by 33.3% during the 2nd quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the utilities provider’s stock worth $2,229,000 after purchasing an additional 21,000 shares in the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

Consolidated Water Trading Down 1.2 %

Shares of CWCO opened at $24.01 on Thursday. Consolidated Water Co. Ltd. has a 12 month low of $23.70 and a 12 month high of $38.29. The firm’s 50 day moving average is $25.71 and its 200-day moving average is $26.29. The stock has a market capitalization of $380.05 million, a PE ratio of 16.33, a P/E/G ratio of 2.47 and a beta of 0.16.

Consolidated Water (NASDAQ:CWCO) last posted its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.08). The company had revenue of $32.48 million for the quarter, compared to the consensus estimate of $37.12 million. Consolidated Water had a return on equity of 15.49% and a net margin of 23.26%. Equities research analysts predict that Consolidated Water Co. Ltd. will post 1.25 earnings per share for the current fiscal year.

Consolidated Water Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 1st will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Tuesday, October 1st. This is an increase from Consolidated Water’s previous quarterly dividend of $0.10. Consolidated Water’s payout ratio is 29.93%.

Consolidated Water Company Profile

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.