Private Capital Management LLC Has $1.03 Million Position in AquaVenture Holdings Ltd (NYSE:WAAS)

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Private Capital Management LLC cut its holdings in AquaVenture Holdings Ltd (NYSE:WAAS) by 33.4% during the first quarter, HoldingsChannel reports. The institutional investor owned 53,305 shares of the company’s stock after selling 26,755 shares during the quarter. Private Capital Management LLC’s holdings in AquaVenture were worth $1,031,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its stake in shares of AquaVenture by 446.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,268 shares of the company’s stock valued at $44,000 after buying an additional 1,853 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of AquaVenture in the first quarter valued at approximately $51,000. Bank of America Corp DE boosted its stake in shares of AquaVenture by 62.7% in the fourth quarter. Bank of America Corp DE now owns 8,698 shares of the company’s stock valued at $165,000 after buying an additional 3,351 shares in the last quarter. Conestoga Capital Advisors LLC purchased a new stake in shares of AquaVenture in the first quarter valued at approximately $199,000. Finally, Ibex Investors LLC purchased a new stake in shares of AquaVenture in the fourth quarter valued at approximately $218,000. Hedge funds and other institutional investors own 34.54% of the company’s stock.

In other news, Director Evan Lovell sold 5,203 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $19.01, for a total value of $98,909.03. Following the completion of the transaction, the director now directly owns 7,617 shares of the company’s stock, valued at $144,799.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 53.30% of the company’s stock.

A number of research firms have commented on WAAS. Citigroup set a $26.00 target price on AquaVenture and gave the stock a “buy” rating in a research report on Thursday, February 28th. ValuEngine upgraded AquaVenture from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 6th. Zacks Investment Research downgraded AquaVenture from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Roth Capital began coverage on AquaVenture in a research report on Friday. They set a “buy” rating and a $24.00 target price on the stock. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $25.88.

WAAS traded up $1.03 during trading on Friday, reaching $19.84. 2,006 shares of the stock were exchanged, compared to its average volume of 73,530. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.22 and a current ratio of 2.60. The company has a market cap of $528.49 million, a price-to-earnings ratio of -25.51 and a beta of 0.83. AquaVenture Holdings Ltd has a 1 year low of $14.38 and a 1 year high of $23.35.

AquaVenture (NYSE:WAAS) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.21) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.01. AquaVenture had a negative return on equity of 5.98% and a negative net margin of 12.62%. The company had revenue of $46.60 million during the quarter, compared to analysts’ expectations of $45.63 million. During the same period in the previous year, the firm posted ($0.24) earnings per share. The business’s revenue for the quarter was up 43.4% compared to the same quarter last year. On average, analysts predict that AquaVenture Holdings Ltd will post -0.75 EPS for the current fiscal year.

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AquaVenture 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, 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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Institutional Ownership by Quarter for AquaVenture (NYSE:WAAS)

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