California Water Service Group Holding (NYSE:CWT) traded down 3.3% on Thursday . The stock traded as low as $33.75 and last traded at $33.81, with a volume of 122,579 shares traded. The stock had previously closed at $34.96.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut California Water Service Group Holding from a “hold” rating to a “sell” rating in a report on Tuesday, May 3rd. Barclays PLC assumed coverage on California Water Service Group Holding in a report on Monday, April 4th. They issued an “equal weight” rating and a $29.00 price objective for the company. Finally, Janney Montgomery Scott cut California Water Service Group Holding from a “buy” rating to a “neutral” rating in a report on Tuesday, April 19th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating, California Water Service Group Holding has an average rating of “Hold” and an average price target of $28.00.

The company’s 50-day moving average price is $31.44 and its 200-day moving average price is $27.18. The stock has a market capitalization of $1.62 billion and a P/E ratio of 37.90.

California Water Service Group Holding (NYSE:CWT) last issued its quarterly earnings data on Thursday, April 28th. The company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.05. The business earned $121.80 million during the quarter, compared to the consensus estimate of $102.65 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. California Water Service Group Holding’s revenue was down .2% compared to the same quarter last year. On average, equities analysts expect that California Water Service Group Holding will post $1.04 earnings per share for the current year.

In other news, VP David B. Healey sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $28.61, for a total transaction of $28,610.00. Following the transaction, the vice president now owns 13,328 shares of the company’s stock, valued at $381,314.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Several hedge funds have recently made changes to their positions in the stock. Nationwide Fund Advisors raised its stake in shares of California Water Service Group Holding by 0.8% in the fourth quarter. Nationwide Fund Advisors now owns 45,834 shares of the company’s stock worth $1,067,000 after buying an additional 348 shares during the last quarter. Bank of Montreal Can raised its stake in shares of California Water Service Group Holding by 207.0% in the fourth quarter. Bank of Montreal Can now owns 60,162 shares of the company’s stock worth $1,401,000 after buying an additional 40,564 shares during the last quarter. Rhumbline Advisers raised its stake in shares of California Water Service Group Holding by 3.3% in the fourth quarter. Rhumbline Advisers now owns 71,434 shares of the company’s stock worth $1,662,000 after buying an additional 2,265 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of California Water Service Group Holding by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 88,761 shares of the company’s stock worth $2,065,000 after buying an additional 1,414 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of California Water Service Group Holding by 595.8% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 89,059 shares of the company’s stock worth $2,072,000 after buying an additional 76,259 shares during the last quarter.

California Water Service Group is a holding company that provides water utility and other related services in California, Washington, New Mexico and Hawaii through its subsidiaries. It operates through supply and distribution of water, and providing water-related utility services segment. Its business comprises the production, purchase, storage, treatment, testing, distribution and sale of water for domestic, industrial, public and irrigation uses, and for fire protection.

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