First Manhattan Co. maintained its position in Connecticut Water Service, Inc. (NASDAQ:CTWS) during the second quarter, Holdings Channel reports. The institutional investor owned 44,271 shares of the utilities provider’s stock at the end of the second quarter. First Manhattan Co.’s holdings in Connecticut Water Service were worth $2,457,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CTWS. Campbell & CO Investment Adviser LLC acquired a new position in Connecticut Water Service during the second quarter valued at approximately $378,000. Water Asset Management LLC raised its stake in Connecticut Water Service by 45.6% in the first quarter. Water Asset Management LLC now owns 208,632 shares of the utilities provider’s stock valued at $11,089,000 after buying an additional 65,340 shares in the last quarter. Westwood Holdings Group Inc. raised its stake in Connecticut Water Service by 11.1% in the first quarter. Westwood Holdings Group Inc. now owns 133,234 shares of the utilities provider’s stock valued at $7,081,000 after buying an additional 13,345 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Connecticut Water Service by 5.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 55,559 shares of the utilities provider’s stock valued at $2,953,000 after buying an additional 2,895 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in Connecticut Water Service by 1.7% in the first quarter. Renaissance Technologies LLC now owns 242,200 shares of the utilities provider’s stock valued at $12,873,000 after buying an additional 4,100 shares in the last quarter. Institutional investors own 45.69% of the company’s stock.

Shares of Connecticut Water Service, Inc. (CTWS) opened at 57.05 on Friday. The company’s 50 day moving average price is $57.28 and its 200 day moving average price is $54.81. The firm has a market capitalization of $659.73 million, a price-to-earnings ratio of 26.45 and a beta of 0.09. Connecticut Water Service, Inc. has a 52-week low of $45.13 and a 52-week high of $62.15.

Connecticut Water Service (NASDAQ:CTWS) last issued its earnings results on Monday, May 8th. The utilities provider reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by $0.01. The business had revenue of $24.21 million during the quarter. Connecticut Water Service had a net margin of 23.22% and a return on equity of 10.13%. Analysts forecast that Connecticut Water Service, Inc. will post $2.22 earnings per share for the current year.

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Separately, Zacks Investment Research raised Connecticut Water Service from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

About Connecticut Water Service

Connecticut Water Service, Inc is a non-operating holding company. The Company’s income is derived from the earnings of its subsidiary companies, including The Connecticut Water Company (Connecticut Water), The Maine Water Company (Maine Water), New England Water Utility Services, Inc (NEWUS),The Avon Water Company (AWC) and Chester Realty Company (Chester Realty).

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Institutional Ownership by Quarter for Connecticut Water Service (NASDAQ:CTWS)

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