Concert Wealth Management Inc. boosted its position in Aqua America Inc. (NYSE:WTR) by 7.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,650 shares of the companys stock after buying an additional 1,247 shares during the period. Concert Wealth Management Inc.s holdings in Aqua America were worth $628,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of WTR. Geode Capital Management LLC raised its position in shares of Aqua America by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,119,225 shares of the companys stock worth $35,613,000 after buying an additional 36,235 shares during the period. BlackRock Inc. raised its position in shares of Aqua America by 3.9% in the first quarter. BlackRock Inc. now owns 359,648 shares of the companys stock worth $11,444,000 after buying an additional 13,356 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Aqua America by 57.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 85,013 shares of the companys stock worth $2,704,000 after buying an additional 31,085 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Aqua America during the first quarter worth about $372,000. Finally, AMP Capital Investors Ltd raised its position in shares of Aqua America by 22.3% in the first quarter. AMP Capital Investors Ltd now owns 73,019 shares of the companys stock worth $2,333,000 after buying an additional 13,307 shares during the period. Institutional investors and hedge funds own 47.76% of the companys stock.
Aqua America Inc. (NYSE:WTR) traded down 0.697% during mid-day trading on Tuesday, hitting $29.225. 390,804 shares of the stock traded hands. The stock has a 50 day moving average price of $30.62 and a 200 day moving average price of $32.35. Aqua America Inc. has a 12-month low of $27.21 and a 12-month high of $35.83. The firm has a market cap of $5.18 billion, a PE ratio of 24.979 and a beta of 0.43.
Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks consensus estimate of $0.33. Aqua America had a net margin of 25.44% and a return on equity of 13.05%. The company had revenue of $203.88 million for the quarter, compared to the consensus estimate of $209.61 million. During the same period last year, the firm posted $0.32 EPS. The companys revenue for the quarter was down .9% on a year-over-year basis. On average, analysts expect that Aqua America Inc. will post $1.33 earnings per share for the current fiscal year.
WTR has been the topic of a number of recent analyst reports. Hilliard Lyons reiterated an underperform rating and set a $27.00 price target on shares of Aqua America in a research note on Wednesday, September 14th. Zacks Investment Research upgraded shares of Aqua America from a sell rating to a hold rating in a research report on Wednesday, September 28th. Finally, Barclays PLC lowered their target price on shares of Aqua America from $38.00 to $34.00 and set an equal weight rating on the stock in a research report on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Aqua America has a consensus rating of Hold and an average price target of $32.71.
In other news, Director Richard H. Glanton sold 4,650 shares of the firms stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $31.20, for a total value of $145,080.00. Following the transaction, the director now directly owns 4,583 shares in the company, valued at approximately $142,989.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is currently owned by insiders.
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