Fmr LLC Grows Stock Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Fmr LLC grew its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 18.7% in the third quarter, Holdings Channel.com reports. The firm owned 17,911 shares of the utilities provider’s stock after acquiring an additional 2,825 shares during the quarter. Fmr LLC’s holdings in Consolidated Water were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AltraVue Capital LLC boosted its stake in Consolidated Water by 15.1% during the second quarter. AltraVue Capital LLC now owns 744,610 shares of the utilities provider’s stock worth $19,762,000 after buying an additional 97,740 shares during the last quarter. Legato Capital Management LLC boosted its position in shares of Consolidated Water by 16.5% during the 2nd quarter. Legato Capital Management LLC now owns 149,525 shares of the utilities provider’s stock valued at $3,968,000 after acquiring an additional 21,140 shares during the last quarter. Farrow Financial Inc. boosted its position in shares of Consolidated Water by 7.6% during the 3rd quarter. Farrow Financial Inc. now owns 97,510 shares of the utilities provider’s stock valued at $2,458,000 after acquiring an additional 6,874 shares during the last quarter. Hussman Strategic Advisors Inc. grew its holdings in shares of Consolidated Water by 33.3% in the second quarter. Hussman Strategic Advisors Inc. now owns 84,000 shares of the utilities provider’s stock valued at $2,229,000 after purchasing an additional 21,000 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Consolidated Water by 36.0% during the second quarter. Bank of New York Mellon Corp now owns 76,702 shares of the utilities provider’s stock worth $2,036,000 after purchasing an additional 20,315 shares during the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Stock Performance

CWCO stock opened at $25.25 on Friday. Consolidated Water Co. Ltd. has a one year low of $23.55 and a one year high of $37.28. The firm has a market cap of $399.83 million, a PE ratio of 18.04, a PEG ratio of 2.54 and a beta of 0.21. The firm’s 50 day moving average price is $25.59 and its 200-day moving average price is $26.03.

Consolidated Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.74%. Consolidated Water’s dividend payout ratio is currently 31.43%.

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.