BlackRock Inc. grew its position in shares of AquaVenture Holdings Ltd (NYSE:WAAS) by 6.6% during the second quarter, HoldingsChannel reports. The firm owned 546,055 shares of the company’s stock after buying an additional 33,813 shares during the period. BlackRock Inc.’s holdings in AquaVenture were worth $10,905,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in shares of AquaVenture by 40.0% in the second quarter. Handelsbanken Fonder AB now owns 700,000 shares of the company’s stock worth $13,979,000 after buying an additional 200,000 shares during the last quarter. SG Capital Management LLC bought a new stake in shares of AquaVenture in the second quarter worth $1,659,000. Handelsinvest Investeringsforvaltning increased its stake in shares of AquaVenture by 54.3% in the second quarter. Handelsinvest Investeringsforvaltning now owns 165,000 shares of the company’s stock worth $3,295,000 after buying an additional 58,067 shares during the last quarter. Monarch Partners Asset Management LLC increased its stake in shares of AquaVenture by 18.7% in the second quarter. Monarch Partners Asset Management LLC now owns 256,349 shares of the company’s stock worth $5,119,000 after buying an additional 40,320 shares during the last quarter. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of AquaVenture in the second quarter worth $511,000. Institutional investors own 30.63% of the company’s stock.
A number of analysts recently issued reports on WAAS shares. Royal Bank of Canada restated a “buy” rating and issued a $23.00 price target on shares of AquaVenture in a research note on Sunday, August 11th. ValuEngine upgraded shares of AquaVenture from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, Zacks Investment Research upgraded shares of AquaVenture from a “hold” rating to a “strong-buy” rating and set a $23.00 price target for the company in a research note on Wednesday, September 18th. Six analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. AquaVenture has an average rating of “Buy” and a consensus target price of $26.86.
AquaVenture (NYSE:WAAS) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.13) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.11. The firm had revenue of $51.40 million during the quarter, compared to the consensus estimate of $47.59 million. AquaVenture had a negative net margin of 10.53% and a negative return on equity of 5.55%. The firm’s revenue was up 49.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) earnings per share. Equities research analysts anticipate that AquaVenture Holdings Ltd will post -0.71 earnings per share for the current 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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