Consolidated Water Co. Ltd. (NASDAQ:CWCO) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,921 shares of the utilities provider’s stock after selling 1,360 shares during the quarter. Atria Investments Inc owned about 0.07% of Consolidated Water worth $283,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. grew its position in Consolidated Water by 54.7% in the third quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider’s stock valued at $7,540,000 after acquiring an additional 105,711 shares in the last quarter. Inspire Investing LLC acquired a new stake in Consolidated Water during the 4th quarter valued at $849,000. Dynamic Technology Lab Private Ltd acquired a new stake in Consolidated Water during the 3rd quarter valued at $608,000. Geode Capital Management LLC increased its stake in Consolidated Water by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock worth $10,669,000 after buying an additional 20,394 shares during the period. Finally, Illumine Investment Management LLC acquired a new position in Consolidated Water in the 4th quarter worth $436,000. 55.16% of the stock is currently owned by hedge funds and other institutional investors.

Consolidated Water Price Performance

Shares of Consolidated Water stock opened at $29.10 on Tuesday. Consolidated Water Co. Ltd. has a 1-year low of $23.55 and a 1-year high of $33.34. The company has a market capitalization of $460.80 million, a PE ratio of 17.96, a P/E/G ratio of 2.44 and a beta of 0.19. The business has a 50-day moving average of $26.87 and a 200-day moving average of $26.03.

Consolidated Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.51%. Consolidated Water’s dividend payout ratio is presently 27.16%.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total transaction of $56,000.00. Following the completion of the transaction, the chief executive officer now directly owns 271,995 shares of the company’s stock, valued at $7,615,860. This trade represents a 0.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.87% of the stock is currently owned by corporate insiders.

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.