Sei Investments Co. lessened its holdings in AquaVenture Holdings Ltd (NYSE:WAAS) by 6.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 50,308 shares of the company’s stock after selling 3,500 shares during the period. Sei Investments Co. owned about 0.19% of AquaVenture worth $784,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in WAAS. Trexquant Investment LP purchased a new stake in shares of AquaVenture in the 1st quarter worth approximately $374,000. Engineers Gate Manager LP bought a new position in shares of AquaVenture during the 1st quarter worth approximately $198,000. Gamco Investors INC. ET AL bought a new position in shares of AquaVenture during the 1st quarter worth approximately $154,000. Teton Advisors Inc. bought a new position in shares of AquaVenture during the 1st quarter worth approximately $143,000. Finally, Hosking Partners LLP raised its stake in shares of AquaVenture by 298.8% during the 1st quarter. Hosking Partners LLP now owns 273,174 shares of the company’s stock worth $3,393,000 after acquiring an additional 204,672 shares in the last quarter. 33.77% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on WAAS shares. Lake Street Capital started coverage on shares of AquaVenture in a research note on Friday, August 17th. They set a “buy” rating and a $29.00 price objective for the company. JMP Securities upped their price target on shares of AquaVenture from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded shares of AquaVenture from a “sell” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Saturday, July 7th. ValuEngine upgraded shares of AquaVenture from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. Finally, TheStreet upgraded shares of AquaVenture from a “d” rating to a “c-” rating in a research note on Monday, August 20th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $22.13.
Shares of NYSE:WAAS traded up $0.91 during midday trading on Friday, reaching $17.85. The company’s stock had a trading volume of 149,290 shares, compared to its average volume of 93,949. The firm has a market capitalization of $480.32 million, a P/E ratio of -18.21 and a beta of 1.15. AquaVenture Holdings Ltd has a twelve month low of $10.87 and a twelve month high of $18.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 6.17 and a quick ratio of 5.74.
AquaVenture (NYSE:WAAS) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.01. The firm had revenue of $34.45 million for the quarter, compared to analyst estimates of $32.64 million. AquaVenture had a negative net margin of 19.75% and a negative return on equity of 7.34%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.21) earnings per share. Equities analysts anticipate that AquaVenture Holdings Ltd will post -0.83 EPS for the current fiscal year.
AquaVenture Company Profile
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 and wastewater treatment solutions for governmental, municipal, industrial, and hospitality customers; and point-of-use filtered water systems and related services to approximately 40,000 institutional and commercial customers.
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