Consolidated Water (NASDAQ:CWCO) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of Consolidated Water (NASDAQ:CWCO) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

Consolidated Water Price Performance

NASDAQ CWCO opened at $24.95 on Wednesday. The company has a 50 day simple moving average of $27.81 and a 200-day simple moving average of $31.13. Consolidated Water has a 52-week low of $16.50 and a 52-week high of $38.29.

Consolidated Water Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, March 28th.

Institutional Investors Weigh In On Consolidated Water

A number of hedge funds and other institutional investors have recently made changes to their positions in CWCO. Thompson Siegel & Walmsley LLC bought a new stake in Consolidated Water in the third quarter worth approximately $29,000. GoalVest Advisory LLC acquired a new position in Consolidated Water during the first quarter worth $29,000. Creekmur Asset Management LLC bought a new position in Consolidated Water during the fourth quarter valued at about $45,000. AdvisorNet Financial Inc acquired a new stake in shares of Consolidated Water in the fourth quarter worth about $71,000. Finally, USA Financial Formulas bought a new stake in shares of Consolidated Water during the 4th quarter worth about $108,000. 55.16% of the stock is owned by hedge funds and other institutional investors.

About Consolidated Water

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.