Lazard Asset Management LLC Purchases New Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Lazard Asset Management LLC purchased a new stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCOGet Rating) in the 2nd quarter, Holdings Channel reports. The fund purchased 5,607 shares of the utilities provider’s stock, valued at approximately $81,000.

Several other large investors have also recently bought and sold shares of the stock. TSP Capital Management Group LLC boosted its position in Consolidated Water by 10.0% during the second quarter. TSP Capital Management Group LLC now owns 551,325 shares of the utilities provider’s stock valued at $7,994,000 after purchasing an additional 50,150 shares during the last quarter. First Manhattan Co. raised its stake in Consolidated Water by 1.2% in the first quarter. First Manhattan Co. now owns 506,832 shares of the utilities provider’s stock valued at $5,605,000 after buying an additional 6,050 shares during the period. Dimensional Fund Advisors LP raised its stake in Consolidated Water by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 354,034 shares of the utilities provider’s stock valued at $3,916,000 after buying an additional 4,227 shares during the period. Heartland Advisors Inc. bought a new stake in Consolidated Water in the first quarter valued at approximately $2,508,000. Finally, BlackRock Inc. raised its stake in Consolidated Water by 452.0% in the first quarter. BlackRock Inc. now owns 209,097 shares of the utilities provider’s stock valued at $2,312,000 after buying an additional 171,220 shares during the period. 46.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on CWCO. Janney Montgomery Scott upgraded Consolidated Water from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Wednesday, November 16th. StockNews.com lowered Consolidated Water from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 16th.

Consolidated Water Trading Down 4.3 %

Shares of NASDAQ CWCO opened at $14.39 on Thursday. Consolidated Water Co. Ltd. has a 1-year low of $9.01 and a 1-year high of $20.58. The business’s 50 day moving average is $16.82 and its 200-day moving average is $15.35.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 3rd will be paid a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, December 30th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.36%.

Insider Transactions at Consolidated Water

In other news, Director Clarence B. Flowers sold 3,430 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $16.46, for a total transaction of $56,457.80. Following the transaction, the director now owns 300,476 shares in the company, valued at $4,945,834.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.58% of the stock is owned by corporate insiders.

Consolidated Water Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Consolidated Water (NASDAQ:CWCO)

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