Consolidated Water (NASDAQ:CWCO) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Consolidated Water Co. Ltd. (NASDAQ:CWCO)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.41 and traded as high as $36.46. Consolidated Water shares last traded at $36.19, with a volume of 80,178 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen raised Consolidated Water from a “hold” rating to a “buy” rating in a research note on Sunday, November 16th. Weiss Ratings raised shares of Consolidated Water from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $40.00.

Consolidated Water Stock Performance

The stock has a market capitalization of $573.80 million, a PE ratio of 37.13 and a beta of 0.50. The firm has a 50 day moving average of $34.85 and a 200-day moving average of $32.50.

Consolidated Water (NASDAQ:CWCO) last announced its quarterly earnings data on Monday, November 10th. The utilities provider reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The firm had revenue of $35.12 million for the quarter, compared to the consensus estimate of $32.90 million. Consolidated Water had a net margin of 12.90% and a return on equity of 7.95%. On average, sell-side analysts predict that Consolidated Water Co. Ltd. will post 1.27 earnings per share for the current year.

Consolidated Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 2nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. Consolidated Water’s dividend payout ratio (DPR) is presently 57.73%.

Insider Transactions at Consolidated Water

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 1,848 shares of the stock in a transaction on Monday, November 17th. The shares were sold at an average price of $35.76, for a total transaction of $66,084.48. Following the transaction, the chief executive officer directly owned 287,310 shares of the company’s stock, valued at $10,274,205.60. This represents a 0.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Wilmer F. Pergande sold 4,299 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $33.75, for a total value of $145,091.25. Following the transaction, the director owned 31,884 shares in the company, valued at approximately $1,076,085. This trade represents a 11.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 7,200 shares of company stock valued at $246,978 over the last ninety days. Company insiders own 6.25% of the company’s stock.

Institutional Trading of Consolidated Water

Hedge funds have recently added to or reduced their stakes in the business. Oliver Lagore Vanvalin Investment Group bought a new position in Consolidated Water in the 2nd quarter worth approximately $30,000. Quarry LP bought a new position in Consolidated Water during the third quarter worth $40,000. Tower Research Capital LLC TRC increased its position in Consolidated Water by 335.7% during the second quarter. Tower Research Capital LLC TRC now owns 1,512 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 1,165 shares during the period. Byrne Asset Management LLC raised its stake in Consolidated Water by 35.9% during the 2nd quarter. Byrne Asset Management LLC now owns 2,254 shares of the utilities provider’s stock valued at $68,000 after purchasing an additional 595 shares during the last quarter. Finally, CWM LLC boosted its holdings in Consolidated Water by 67.5% in the 3rd quarter. CWM LLC now owns 2,045 shares of the utilities provider’s stock valued at $72,000 after purchasing an additional 824 shares during the period. Institutional investors own 55.16% of the company’s stock.

Consolidated Water Company Profile

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.