Nisa Investment Advisors LLC lifted its position in shares of AquaVenture Holdings Ltd (NYSE:WAAS) by 64.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,800 shares of the company’s stock after buying an additional 5,800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in AquaVenture were worth $296,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WAAS. Principal Financial Group Inc. raised its position in shares of AquaVenture by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 151,019 shares of the company’s stock valued at $2,853,000 after buying an additional 6,619 shares in the last quarter. Electron Capital Partners LLC bought a new position in AquaVenture during the 1st quarter valued at about $149,000. Raymond James & Associates grew its holdings in AquaVenture by 0.5% during the 1st quarter. Raymond James & Associates now owns 107,528 shares of the company’s stock valued at $2,081,000 after purchasing an additional 516 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in AquaVenture by 33.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 270,353 shares of the company’s stock valued at $5,107,000 after purchasing an additional 67,683 shares during the last quarter. Finally, Conestoga Capital Advisors LLC bought a new position in AquaVenture during the 1st quarter valued at about $199,000. Institutional investors own 30.31% of the company’s stock.
Several brokerages recently commented on WAAS. Zacks Investment Research downgraded shares of AquaVenture from a “buy” rating to a “hold” rating in a report on Saturday, July 20th. ValuEngine downgraded shares of AquaVenture from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 9th. Finally, Roth Capital began coverage on shares of AquaVenture in a report on Friday, June 14th. They set a “buy” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. AquaVenture has a consensus rating of “Buy” and a consensus price target of $25.88.
AquaVenture (NYSE:WAAS) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.01. AquaVenture had a negative net margin of 12.62% and a negative return on equity of 5.98%. The firm had revenue of $46.60 million during the quarter, compared to analysts’ expectations of $45.63 million. During the same quarter in the prior year, the company earned ($0.24) EPS. The company’s revenue was up 43.4% compared to the same quarter last year. As a group, analysts predict that AquaVenture Holdings Ltd will post -0.83 earnings per share for the current fiscal year.
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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