Summit Partners Public Asset Management LLC raised its stake in shares of AquaVenture Holdings Ltd (NASDAQ:WAAS) by 50.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 180,000 shares of the company’s stock after buying an additional 60,100 shares during the period. Summit Partners Public Asset Management LLC owned about 0.68% of AquaVenture Holdings worth $3,073,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. acquired a new position in AquaVenture Holdings during the fourth quarter valued at about $127,000. Wells Fargo & Company MN boosted its stake in shares of AquaVenture Holdings by 271.9% in the first quarter. Wells Fargo & Company MN now owns 9,438 shares of the company’s stock valued at $161,000 after buying an additional 6,900 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of AquaVenture Holdings during the first quarter valued at $176,000. SG Americas Securities LLC purchased a new stake in shares of AquaVenture Holdings during the first quarter valued at $228,000. Finally, Citadel Advisors LLC purchased a new stake in shares of AquaVenture Holdings during the first quarter valued at $262,000.
Shares of AquaVenture Holdings Ltd (NASDAQ WAAS) traded down 0.45% during midday trading on Tuesday, reaching $15.61. The company had a trading volume of 71,872 shares. The firm’s 50 day moving average price is $16.81 and its 200-day moving average price is $18.68. The stock’s market capitalization is $412.23 million. AquaVenture Holdings Ltd has a 1-year low of $14.30 and a 1-year high of $26.33.
AquaVenture Holdings (NASDAQ:WAAS) last announced its earnings results on Tuesday, May 9th. The company reported ($0.23) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.23). AquaVenture Holdings had a negative return on equity of 6.72% and a negative net margin of 21.12%. The firm had revenue of $29.01 million for the quarter, compared to the consensus estimate of $29.93 million. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities research analysts expect that AquaVenture Holdings Ltd will post ($0.81) EPS for the current fiscal year.
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Several equities research analysts recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and issued a $28.00 price target on shares of AquaVenture Holdings in a research note on Thursday, May 18th. Zacks Investment Research cut AquaVenture Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. Royal Bank Of Canada reduced their price target on AquaVenture Holdings from $27.00 to $26.00 and set an “outperform” rating on the stock in a research note on Monday, March 13th. Finally, Raymond James Financial, Inc. raised AquaVenture Holdings from an “outperform” rating to a “strong-buy” rating in a research note on Thursday, February 23rd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $27.00.
In other news, Director Evan Lovell purchased 6,300 shares of the company’s stock in a transaction on Friday, May 12th. The shares were acquired at an average price of $16.06 per share, for a total transaction of $101,178.00. Following the purchase, the director now owns 6,300 shares in the company, valued at $101,178. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas R. Brown purchased 10,000 shares of the company’s stock in a transaction on Wednesday, May 24th. The shares were purchased at an average price of $17.05 per share, for a total transaction of $170,500.00. Following the purchase, the chief executive officer now owns 1,445,845 shares in the company, valued at approximately $24,651,657.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 32,800 shares of company stock worth $547,558.
About AquaVenture Holdings
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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