Emerald Acquisition Ltd. purchased a new stake in SJW Corp. (NYSE:SJW) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 45,137 shares of the company’s stock, valued at approximately $1,777,000. Emerald Acquisition Ltd. owned about 0.22% of SJW Corp. at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in SJW. Mercer Capital Advisers Inc. bought a new position in SJW Corp. during the second quarter valued at approximately $118,000. BlackRock Inc. raised its position in SJW Corp. by 817.8% in the first quarter. BlackRock Inc. now owns 4,837 shares of the company’s stock valued at $176,000 after buying an additional 4,310 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new position in SJW Corp. during the first quarter valued at approximately $232,000. Eqis Capital Management Inc. raised its position in SJW Corp. by 14.4% in the second quarter. Eqis Capital Management Inc. now owns 7,749 shares of the company’s stock valued at $305,000 after buying an additional 978 shares during the period. Finally, Acadian Asset Management LLC bought a new position in SJW Corp. during the first quarter valued at approximately $357,000. 45.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SJW Corp. (NYSE:SJW) traded down 1.03% during trading on Monday, hitting $43.23. The company’s stock had a trading volume of 37,301 shares. SJW Corp. has a 1-year low of $27.60 and a 1-year high of $46.73. The company has a market capitalization of $883.71 million, a P/E ratio of 19.31 and a beta of 0.34. The firm’s 50 day moving average is $42.99 and its 200-day moving average is $38.43.
SJW Corp. (NYSE:SJW) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.41. SJW Corp. had a return on equity of 11.12% and a net margin of 14.40%. Analysts forecast that SJW Corp. will post $1.80 EPS for the current fiscal year.
Separately, Zacks Investment Research raised SJW Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd.
In other SJW Corp. news, VP Palle Jensen sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $42.08, for a total value of $210,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 22.50% of the company’s stock.
About SJW Corp.
SJW Corp. is a holding company. The Company has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). The Company operates through two segments: Water Utility Services and Real Estate Services.
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