CenterBook Partners LP Has $2.44 Million Position in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

CenterBook Partners LP lessened its position in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 43.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,098 shares of the utilities provider's stock after selling 73,749 shares during the period. CenterBook Partners LP owned approximately 0.59% of Consolidated Water worth $2,436,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Byrne Asset Management LLC raised its position in Consolidated Water by 59.3% during the fourth quarter. Byrne Asset Management LLC now owns 1,720 shares of the utilities provider's stock valued at $45,000 after buying an additional 640 shares during the period. Allworth Financial LP grew its position in Consolidated Water by 643.4% during the fourth quarter. Allworth Financial LP now owns 2,349 shares of the utilities provider's stock valued at $61,000 after purchasing an additional 2,033 shares in the last quarter. Copeland Capital Management LLC increased its stake in Consolidated Water by 37.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,634 shares of the utilities provider's stock valued at $68,000 after buying an additional 717 shares during the period. Quantbot Technologies LP lifted its position in Consolidated Water by 1,538.3% in the 4th quarter. Quantbot Technologies LP now owns 3,981 shares of the utilities provider's stock worth $103,000 after buying an additional 3,738 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Consolidated Water by 23.9% during the 4th quarter. SG Americas Securities LLC now owns 6,479 shares of the utilities provider's stock valued at $168,000 after acquiring an additional 1,251 shares in the last quarter. 55.16% of the stock is owned by institutional investors and hedge funds.

Consolidated Water Stock Performance

Shares of NASDAQ CWCO traded down $0.02 during mid-day trading on Tuesday, reaching $23.95. The company had a trading volume of 41,779 shares, compared to its average volume of 113,315. The stock has a market capitalization of $380.21 million, a PE ratio of 14.78, a price-to-earnings-growth ratio of 2.44 and a beta of 0.27. Consolidated Water Co. Ltd. has a twelve month low of $22.90 and a twelve month high of $30.32. The stock's 50 day moving average is $26.19 and its 200-day moving average is $25.85.

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 given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water's dividend payout ratio is 27.16%.

Insiders Place Their Bets

In related news, CEO Frederick W. Mctaggart sold 2,000 shares of the business'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 transaction, the chief executive officer now owns 271,995 shares of the company's stock, valued at approximately $7,615,860. The trade was a 0.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.87% of the company's stock.

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.