Consolidated Water (NASDAQ:CWCO) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Consolidated Water (NASDAQ:CWCO) from a buy rating to a hold rating in a research report released on Wednesday morning.

Consolidated Water Stock Up 1.6 %

Shares of NASDAQ CWCO opened at $25.22 on Wednesday. The stock’s fifty day moving average price is $27.59 and its two-hundred day moving average price is $31.04. Consolidated Water has a one year low of $16.50 and a one year high of $38.29.

Consolidated Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, March 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GoalVest Advisory LLC acquired a new stake in shares of Consolidated Water during the 1st quarter worth $29,000. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Consolidated Water during the 3rd quarter worth $29,000. Creekmur Asset Management LLC acquired a new stake in shares of Consolidated Water during the 4th quarter worth $45,000. AdvisorNet Financial Inc acquired a new stake in shares of Consolidated Water during the 4th quarter worth $71,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Consolidated Water by 3.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 58,218 shares of the utilities provider’s stock worth $1,656,000 after purchasing an additional 2,157 shares in the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

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.