The stock of Consolidated Water Co. Ltd. (NASDAQ:CWCO) is a huge mover today! About 275,062 shares traded hands or 363.17% up from the average. Consolidated Water Co. Ltd. (NASDAQ:CWCO) has risen 0.41% since April 8, 2016 and is uptrending. It has underperformed by 5.24% the S&P500.
The move comes after 9 months negative chart setup for the $165.36 million company. It was reported on Nov, 10 by Barchart.com. We have $9.44 PT which if reached, will make NASDAQ:CWCO worth $18.19 million less.
Analysts await Consolidated Water Co. Ltd. (NASDAQ:CWCO) to report earnings on November, 14. They expect $0.16 earnings per share, up 33.33% or $0.04 from last year’s $0.12 per share. CWCO’s profit will be $2.49 million for 16.58 P/E if the $0.16 EPS becomes a reality. After $0.15 actual earnings per share reported by Consolidated Water Co. Ltd. for the previous quarter, Wall Street now forecasts 6.67% EPS growth.
According to Zacks Investment Research, “Consolidated Water Co. Ltd. intends to develop and operate seawater conversion plants and water distribution systems in areas of the world where naturally-occurring supplies of potable water are scarce or nonexistent. It currently operates a public water utility in certain areas of the Cayman Islands under a 20-year exclusive license from the Government of the Cayman Islands. The company has signed contracts for its first overseas operations in the Commonwealth of the Bahamas. (PRESS RELEASE)”
Insitutional Activity: The institutional sentiment increased to 1.3 in Q2 2016. Its up 0.27, from 1.03 in 2016Q1. The ratio improved, as 6 funds sold all Consolidated Water Co. Ltd. shares owned while 21 reduced positions. 9 funds bought stakes while 26 increased positions. They now own 6.09 million shares or 4.06% less from 6.35 million shares in 2016Q1.
Bnp Paribas Arbitrage last reported 569 shares in the company. Shelton Mngmt holds 63,000 shares or 0.07% of its portfolio. First Limited Partnership reported 177,075 shares or 0.01% of all its holdings. Blackrock Fund accumulated 0% or 371,147 shares. Thomas J Herzfeld Advsrs Incorporated reported 129,538 shares or 0.9% of all its holdings. Gsa Prns Llp has invested 0.03% of its portfolio in Consolidated Water Co. Ltd. (NASDAQ:CWCO). Tower Cap Limited Liability (Trc) last reported 631 shares in the company. Vanguard Group, a Pennsylvania-based fund reported 24,370 shares. Jfs Wealth Limited accumulated 109 shares or 0% of the stock. The New York-based Blackrock Inc has invested 0% in Consolidated Water Co. Ltd. (NASDAQ:CWCO). Robecosam Ag has 203,051 shares for 0.24% of their US portfolio. Da Davidson And Commerce owns 188,401 shares or 0.07% of their US portfolio. Rhumbline Advisers has 0% invested in the company for 19,492 shares. Tci Wealth holds 1,538 shares or 0.01% of its portfolio. Panagora Asset Mngmt Inc has 54,594 shares for 0% of their US portfolio.
Insider Transactions: Since May 13, 2016, the stock had 1 buying transaction, and 2 insider sales for $39,721 net activity. $63,441 worth of shares were sold by TONNER JOHN on Tuesday, May 17. Shares for $24,119 were sold by BRODIE BRENT. 4,721 Consolidated Water Co. Ltd. (NASDAQ:CWCO) shares with value of $66,799 were sold by McTaggart Gregory S.. 10,000 Consolidated Water Co. Ltd. (NASDAQ:CWCO) shares with value of $127,281 were bought by Finlay Richard.
More notable recent Consolidated Water Co. Ltd. (NASDAQ:CWCO) news were published by: Prnewswire.com which released: “Consolidated Water Co. Ltd. Reports Third Quarter Operating Results” on November 10, 2016, also Prnewswire.com with their article: “Consolidated Water Co. Ltd. To Host Third Quarter Conference Call On Thursday …” published on November 03, 2016, Prnewswire.com published: “Consolidated Water Co. Ltd. Announces Signing Of A Public-Private Partnership …” on August 26, 2016. More interesting news about Consolidated Water Co. Ltd. (NASDAQ:CWCO) were released by: Prnewswire.com and their article: “Consolidated Water Co. Ltd. Acquires Majority Interest In Aerex Industries” published on February 16, 2016 as well as Prnewswire.com‘s news article titled: “Consolidated Water Co. Ltd. Announces That The Consortium Comprised Of Its …” with publication date: June 16, 2016.
CWCO Company Profile
Consolidated Water Co. Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Firm operates in three divisions: retail water operations, bulk water activities and services operations. Through its subsidiaries and affiliates, the Company provides various services to its clients in the Cayman Islands, The Bahamas, Belize, the British Virgin Islands and Indonesia.
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