Elk Creek Partners LLC grew its holdings in shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) by 5.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 534,805 shares of the company’s stock after purchasing an additional 26,717 shares during the period. Elk Creek Partners LLC owned approximately 2.03% of AquaVenture Holdings worth $8,145,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of WAAS. Teachers Advisors LLC acquired a new position in shares of AquaVenture Holdings during the fourth quarter valued at $2,033,000. Wells Fargo & Company MN grew its holdings in AquaVenture Holdings by 271.9% during the first quarter. Wells Fargo & Company MN now owns 9,438 shares of the company’s stock worth $161,000 after acquiring an additional 6,900 shares during the period. Bank of New York Mellon Corp grew its holdings in AquaVenture Holdings by 66.9% during the first quarter. Bank of New York Mellon Corp now owns 29,964 shares of the company’s stock worth $511,000 after acquiring an additional 12,007 shares during the period. Ameriprise Financial Inc. grew its holdings in AquaVenture Holdings by 20.3% during the first quarter. Ameriprise Financial Inc. now owns 175,196 shares of the company’s stock worth $2,991,000 after acquiring an additional 29,526 shares during the period. Finally, SG Americas Securities LLC acquired a new position in AquaVenture Holdings during the first quarter worth about $228,000.
Shares of AquaVenture Holdings Ltd (WAAS) traded down 3.60% during trading on Friday, reaching $14.46. The company had a trading volume of 266,107 shares. The company has a 50 day moving average of $14.84 and a 200-day moving average of $15.57. AquaVenture Holdings Ltd has a 52-week low of $14.44 and a 52-week high of $26.33. The firm’s market capitalization is $382.22 million.
AquaVenture Holdings (NASDAQ:WAAS) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.07). AquaVenture Holdings had a negative net margin of 18.49% and a negative return on equity of 6.11%. The firm had revenue of $29.00 million for the quarter, compared to analyst estimates of $30.91 million. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that AquaVenture Holdings Ltd will post ($0.88) earnings per share for the current year.
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In related news, CEO Douglas R. Brown acquired 24,179 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $14.66 per share, for a total transaction of $354,464.14. Following the completion of the acquisition, the chief executive officer now owns 1,452,845 shares of the company’s stock, valued at approximately $21,298,707.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of research analysts recently issued reports on the company. Deutsche Bank AG reaffirmed a “buy” rating and set a $25.00 target price (down from $27.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. Canaccord Genuity reaffirmed a “buy” rating and set a $23.00 target price (down from $28.00) on shares of AquaVenture Holdings in a report on Thursday, August 10th. Finally, BidaskClub lowered AquaVenture Holdings from a “hold” rating to a “sell” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.83.
AquaVenture Holdings Company Profile
AquaVenture Holdings Limited is a multinational provider of Water-as-a-Service solutions. The Company’s segments are Seven Seas Water and Quench. The Seven Seas Water segment provides outsourced desalination solutions and wastewater treatment for governmental, municipal, industrial and hospitality customers.
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