American Institute for Advanced Investment Management LLP Has $265,000 Stake in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

American Institute for Advanced Investment Management LLP reduced its holdings in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,520 shares of the utilities provider’s stock after selling 600 shares during the period. American Institute for Advanced Investment Management LLP owned 0.07% of Consolidated Water worth $265,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group bought a new position in shares of Consolidated Water in the 2nd quarter worth $27,000. GoalVest Advisory LLC acquired a new position in Consolidated Water during the first quarter worth $29,000. nVerses Capital LLC bought a new position in shares of Consolidated Water in the third quarter valued at $33,000. Copeland Capital Management LLC acquired a new position in shares of Consolidated Water during the third quarter valued at about $48,000. Finally, Stanley Laman Group Ltd. acquired a new position in shares of Consolidated Water during the third quarter valued at about $53,000. 55.16% of the stock is owned by institutional investors.

Consolidated Water Trading Down 0.8 %

Shares of CWCO traded down $0.19 on Thursday, reaching $24.89. The company’s stock had a trading volume of 8,285 shares, compared to its average volume of 122,910. Consolidated Water Co. Ltd. has a twelve month low of $23.70 and a twelve month high of $38.29. The stock has a market capitalization of $393.98 million, a PE ratio of 17.06, a PEG ratio of 2.47 and a beta of 0.16. The firm has a fifty day moving average of $25.92 and a 200-day moving average of $26.30.

Consolidated Water (NASDAQ:CWCO) last issued its quarterly earnings data on Wednesday, August 14th. The utilities provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.08). Consolidated Water had a return on equity of 15.49% and a net margin of 23.26%. The company had revenue of $32.48 million during the quarter, compared to analysts’ expectations of $37.12 million. As a group, equities analysts anticipate that Consolidated Water Co. Ltd. will post 1.25 EPS for the current fiscal year.

Consolidated Water Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.77%. This is an increase from Consolidated Water’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, October 1st. Consolidated Water’s payout ratio is currently 29.93%.

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.