Comprehensive Money Management Services LLC Invests $261,000 in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Comprehensive Money Management Services LLC acquired a new stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,065 shares of the utilities provider’s stock, valued at approximately $261,000.

Other hedge funds have also modified their holdings of the company. SG Americas Securities LLC raised its stake in shares of Consolidated Water by 23.9% during the 4th quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider’s stock worth $168,000 after buying an additional 1,251 shares during the last quarter. Copeland Capital Management LLC raised its holdings in shares of Consolidated Water by 37.4% in the fourth quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 717 shares during the last quarter. Byrne Asset Management LLC raised its holdings in shares of Consolidated Water by 59.3% in the fourth quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 640 shares during the last quarter. TSP Capital Management Group LLC raised its stake in Consolidated Water by 1.5% in the 4th quarter. TSP Capital Management Group LLC now owns 479,175 shares of the utilities provider’s stock valued at $12,406,000 after purchasing an additional 7,075 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Consolidated Water by 643.4% in the 4th quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider’s stock valued at $61,000 after purchasing an additional 2,033 shares during the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Consolidated Water from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd.

Consolidated Water Price Performance

NASDAQ:CWCO opened at $27.37 on Wednesday. The firm has a 50 day simple moving average of $24.43 and a 200-day simple moving average of $25.76. The firm has a market cap of $435.65 million, a PE ratio of 16.90, a P/E/G ratio of 2.44 and a beta of 0.39. Consolidated Water Co. Ltd. has a 1-year low of $22.69 and a 1-year high of $29.88.

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

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.