Shares of California Water Service Group Holding (NYSE:CWT) traded down 2.4% on Thursday . The company traded as low as $32.83 and last traded at $32.84, with a volume of 157,559 shares changing hands. The stock had previously closed at $33.65.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of California Water Service Group Holding from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th. Janney Montgomery Scott downgraded shares of 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. Finally, Barclays PLC assumed coverage on shares of California Water Service Group Holding in a report on Monday, April 4th. They set an “equal weight” rating and a $29.00 price objective for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. California Water Service Group Holding currently has a consensus rating of “Hold” and an average target price of $30.25.

The stock’s 50-day moving average is $32.22 and its 200 day moving average is $27.51. The stock has a market capitalization of $1.57 billion and a PE ratio of 36.69.

California Water Service Group Holding (NYSE:CWT) last issued its earnings results on Thursday, April 28th. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.05. The company had revenue of $121.80 million for the quarter, compared to analyst estimates of $102.65 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s revenue was down .2% compared to the same quarter last year. On average, analysts predict that California Water Service Group Holding will post $1.03 earnings per share for the current fiscal year.

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

Other institutional investors have recently modified their holdings of the company. Monarch Partners Asset Management LLC increased its position in shares of California Water Service Group Holding by 87.2% in the fourth quarter. Monarch Partners Asset Management LLC now owns 167,807 shares of the company’s stock worth $3,905,000 after buying an additional 78,182 shares during the last quarter. Bank of Montreal Can increased its position 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. Cornerstone Capital Management Holdings LLC. increased its position 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. BHF Kleinwort Benson Group S.A. purchased a new position in shares of California Water Service Group Holding during the fourth quarter worth $29,369,000. Finally, Baillie Gifford & Co. increased its position in shares of California Water Service Group Holding by 5.2% in the fourth quarter. Baillie Gifford & Co. now owns 801,916 shares of the company’s stock worth $18,660,000 after buying an additional 39,540 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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