Rhumbline Advisers Reduces Stock Position in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Rhumbline Advisers decreased its stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,209 shares of the utilities provider’s stock after selling 6,249 shares during the quarter. Rhumbline Advisers owned about 0.14% of Consolidated Water worth $575,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TSP Capital Management Group LLC increased its stake in shares of Consolidated Water by 1.5% in the 4th quarter. TSP Capital Management Group LLC now owns 479,175 shares of the utilities provider’s stock worth $12,406,000 after acquiring an additional 7,075 shares during the last quarter. Geode Capital Management LLC increased its position in Consolidated Water by 5.1% during the third quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider’s stock worth $10,669,000 after purchasing an additional 20,394 shares during the last quarter. State Street Corp raised its stake in Consolidated Water by 1.8% during the third quarter. State Street Corp now owns 332,902 shares of the utilities provider’s stock worth $8,392,000 after purchasing an additional 5,976 shares during the period. JPMorgan Chase & Co. boosted its holdings in Consolidated Water by 54.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 299,102 shares of the utilities provider’s stock valued at $7,540,000 after purchasing an additional 105,711 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Consolidated Water by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 43,175 shares of the utilities provider’s stock valued at $1,088,000 after purchasing an additional 1,159 shares during the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

Consolidated Water Price Performance

Shares of NASDAQ CWCO opened at $27.82 on Friday. The company has a market capitalization of $440.53 million, a P/E ratio of 17.17, a P/E/G ratio of 2.44 and a beta of 0.19. The company has a 50 day simple moving average of $26.56 and a 200-day simple moving average of $26.00. Consolidated Water Co. Ltd. has a 1 year low of $23.55 and a 1 year high of $33.34.

Consolidated Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, April 1st. This represents a $0.44 annualized dividend and a yield of 1.58%. Consolidated Water’s dividend payout ratio (DPR) is 27.16%.

Insider Buying and Selling at Consolidated Water

In other Consolidated Water news, CEO Frederick W. Mctaggart sold 2,000 shares of Consolidated Water stock in a transaction dated 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 sale, the chief executive officer now directly owns 271,995 shares in the company, valued at $7,615,860. This trade represents a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.87% 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.