Consolidated Water (NASDAQ:CWCO – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
Consolidated Water Trading Down 0.5 %
Shares of CWCO stock opened at $24.83 on Wednesday. The stock has a fifty day simple moving average of $27.69 and a two-hundred day simple moving average of $31.08. Consolidated Water has a 52-week low of $16.50 and a 52-week high of $38.29.
Institutional Investors Weigh In On Consolidated Water
A number of institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its position in shares of Consolidated Water by 86.8% during the third quarter. Invesco Ltd. now owns 379,739 shares of the utilities provider’s stock worth $10,800,000 after acquiring an additional 176,412 shares during the last quarter. Farrow Financial Inc. bought a new position in shares of Consolidated Water during the 4th quarter valued at about $3,585,000. Legato Capital Management LLC purchased a new position in shares of Consolidated Water during the fourth quarter valued at about $2,766,000. New York State Common Retirement Fund increased its holdings in shares of Consolidated Water by 124.9% in the fourth quarter. New York State Common Retirement Fund now owns 127,408 shares of the utilities provider’s stock worth $4,536,000 after purchasing an additional 70,761 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Consolidated Water in the third quarter worth about $1,486,000. 55.16% of the stock is owned by hedge funds and other institutional investors.
About Consolidated Water
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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