Consolidated Water Co. Ltd. (NASDAQ:CWCO) was the recipient of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 118,500 shares, a decrease of 21.0% from the January 15th total of 150,000 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 66,500 shares, the days-to-cover ratio is currently 1.8 days.

Shares of NASDAQ CWCO traded down $0.49 during trading hours on Friday, reaching $18.15. The stock had a trading volume of 57,200 shares, compared to its average volume of 57,628. The company has a current ratio of 13.45, a quick ratio of 12.89 and a debt-to-equity ratio of 0.02. The firm has a market cap of $272.76 million, a price-to-earnings ratio of 26.69, a P/E/G ratio of 3.24 and a beta of 0.51. The business’s fifty day moving average price is $16.96 and its two-hundred day moving average price is $16.11. Consolidated Water has a 52-week low of $12.09 and a 52-week high of $18.67.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings results on Tuesday, November 12th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The firm had revenue of $15.89 million during the quarter, compared to analysts’ expectations of $17.95 million. Consolidated Water had a net margin of 18.56% and a return on equity of 5.66%. Equities research analysts anticipate that Consolidated Water will post 0.59 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Thursday, January 2nd were issued a $0.085 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.87%. Consolidated Water’s payout ratio is 50.00%.

In other news, Director Raymond Whittaker sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $16.52, for a total transaction of $165,200.00. Following the transaction, the director now owns 16,065 shares of the company’s stock, valued at $265,393.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.79% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted its holdings in shares of Consolidated Water by 12.0% in the fourth quarter. Renaissance Technologies LLC now owns 615,184 shares of the utilities provider’s stock valued at $10,027,000 after purchasing an additional 65,786 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Consolidated Water by 0.7% in the fourth quarter. California Public Employees Retirement System now owns 380,259 shares of the utilities provider’s stock valued at $6,198,000 after purchasing an additional 2,759 shares during the period. State Street Corp boosted its holdings in shares of Consolidated Water by 6.9% in the fourth quarter. State Street Corp now owns 224,029 shares of the utilities provider’s stock valued at $3,671,000 after purchasing an additional 14,414 shares during the period. KBC Group NV boosted its holdings in shares of Consolidated Water by 20.6% in the fourth quarter. KBC Group NV now owns 102,293 shares of the utilities provider’s stock valued at $1,667,000 after purchasing an additional 17,452 shares during the period. Finally, Martingale Asset Management L P boosted its holdings in shares of Consolidated Water by 34.3% in the fourth quarter. Martingale Asset Management L P now owns 90,510 shares of the utilities provider’s stock valued at $1,476,000 after purchasing an additional 23,100 shares during the period. Hedge funds and other institutional investors own 54.76% of the company’s stock.

Separately, BidaskClub cut Consolidated Water from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

Consolidated Water Company Profile

Consolidated Water Co Ltd., together with its subsidiaries, develops and operates seawater desalination plants and water distribution systems primarily in the Cayman Islands, the Bahamas, Indonesia, and the United States. The company operates through four segments: Retail, Bulk, Services, and Manufacturing.

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