Renaissance Technologies LLC Lowers Holdings in Consolidated Water Co. Ltd. (NASDAQ:CWCO)

Renaissance Technologies LLC decreased its stake in shares of Consolidated Water Co. Ltd. (NASDAQ:CWCO - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 277,167 shares of the utilities provider's stock after selling 14,200 shares during the period. Renaissance Technologies LLC owned about 1.75% of Consolidated Water worth $7,176,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of Consolidated Water by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 423,163 shares of the utilities provider's stock valued at $10,669,000 after purchasing an additional 20,394 shares during the period. Inspire Investing LLC purchased a new position in shares of Consolidated Water during the 4th quarter worth $849,000. Barclays PLC increased its stake in shares of Consolidated Water by 288.8% in the 3rd quarter. Barclays PLC now owns 20,350 shares of the utilities provider's stock worth $514,000 after purchasing an additional 15,116 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Consolidated Water by 54.7% during the third 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 in the last quarter. Finally, FMR LLC raised its stake in Consolidated Water by 18.7% during the 3rd quarter. FMR LLC now owns 17,911 shares of the utilities provider's stock worth $452,000 after acquiring an additional 2,825 shares during the period. Institutional investors own 55.16% of the company's stock.

Insider Activity

In other news, CEO Frederick W. Mctaggart sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $28.00, for a total value of $56,000.00. Following the completion of the sale, the chief executive officer now owns 271,995 shares of the company's stock, valued at approximately $7,615,860. This represents a 0.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.87% of the company's stock.

Consolidated Water Stock Down 0.5 %

CWCO stock traded down $0.12 during mid-day trading on Thursday, hitting $23.98. The company had a trading volume of 14,766 shares, compared to its average volume of 110,687. The company has a 50-day moving average price of $25.82 and a 200 day moving average price of $25.79. Consolidated Water Co. Ltd. has a 12-month low of $22.90 and a 12-month high of $30.32. The company has a market capitalization of $380.67 million, a price-to-earnings ratio of 14.77, a P/E/G ratio of 2.44 and a beta of 0.27.

Consolidated Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Tuesday, April 1st will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, April 1st. Consolidated Water's dividend payout ratio is 27.16%.

Consolidated Water 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.