AquaVenture Holdings Ltd (NYSE:WAAS) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC lessened its stake in shares of AquaVenture Holdings Ltd (NYSE:WAAS) by 13.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,606 shares of the company’s stock after selling 10,259 shares during the period. Essex Investment Management Co. LLC owned 0.21% of AquaVenture worth $1,275,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of AquaVenture by 111.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,645 shares of the company’s stock worth $32,000 after purchasing an additional 867 shares during the last quarter. JPMorgan Chase & Co. grew its stake in AquaVenture by 23.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,273 shares of the company’s stock valued at $66,000 after acquiring an additional 613 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in AquaVenture by 1,776.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 4,185 shares of the company’s stock valued at $84,000 after acquiring an additional 3,962 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in AquaVenture during the 2nd quarter valued at about $205,000. Finally, Mackenzie Financial Corp purchased a new stake in AquaVenture during the 2nd quarter valued at about $224,000. Hedge funds and other institutional investors own 30.63% of the company’s stock.

Shares of NYSE WAAS opened at $19.47 on Friday. AquaVenture Holdings Ltd has a 12-month low of $16.08 and a 12-month high of $23.35. The stock has a market cap of $621.34 million, a PE ratio of -24.96 and a beta of 0.91. The company has a current ratio of 2.49, a quick ratio of 2.05 and a debt-to-equity ratio of 0.96. The company has a 50-day moving average of $18.99 and a 200 day moving average of $18.63.

AquaVenture (NYSE:WAAS) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.11. AquaVenture had a negative net margin of 10.53% and a negative return on equity of 5.55%. The business had revenue of $51.40 million during the quarter, compared to analysts’ expectations of $47.59 million. During the same quarter in the prior year, the company posted ($0.19) EPS. The business’s revenue for the quarter was up 49.0% on a year-over-year basis. On average, sell-side analysts forecast that AquaVenture Holdings Ltd will post -0.71 EPS for the current fiscal year.

Several analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $23.00 price objective on shares of AquaVenture in a research note on Sunday, August 11th. ValuEngine raised shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, Zacks Investment Research raised shares of AquaVenture from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective for the company in a research note on Wednesday, September 18th. Six research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.86.

AquaVenture Company Profile

AquaVenture Holdings Limited provides water-as-a-service solutions in North America, the Caribbean, and South America. The company operates in two segments, Seven Seas Water and Quench. It offers desalination, wastewater treatment, and water reuse solutions to governmental, municipal, industrial, property developer, and hospitality customers; and point-of-use (POU) filtered water systems and related services to approximately 50,000 institutional and commercial customers.

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Institutional Ownership by Quarter for AquaVenture (NYSE:WAAS)

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