Cramer Rosenthal Mcglynn Lowers stake in American Water Works Company Inc (AWK)

American Water Works Company Inc (AWK) : Cramer Rosenthal Mcglynn reduced its stake in American Water Works Company Inc by 8.78% during the most recent quarter end. The investment management company now holds a total of 1,087,966 shares of American Water Works Company Inc which is valued at $84,600,236 after selling 104,680 shares in American Water Works Company Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.American Water Works Company Inc makes up approximately 1.31% of Cramer Rosenthal Mcglynn’s portfolio.

Other Hedge Funds, Including , Cavalier Investments added AWK to its portfolio by purchasing 11,300 company shares during the most recent quarter which is valued at $878,688. American Water Works Company Inc makes up approx 0.50% of Cavalier Investments’s portfolio.Rhumbline Advisers boosted its stake in AWK in the latest quarter, The investment management firm added 37,287 additional shares and now holds a total of 256,405 shares of American Water Works Company Inc which is valued at $19,938,053. American Water Works Company Inc makes up approx 0.06% of Rhumbline Advisers’s portfolio.Ardevora Asset Management Llp boosted its stake in AWK in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 356,300 shares of American Water Works Company Inc which is valued at $27,730,829. American Water Works Company Inc makes up approx 1.10% of Ardevora Asset Management Llp’s portfolio.Neuberger Berman Group reduced its stake in AWK by selling 6,318 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 723,962 shares of AWK which is valued at $56,816,538. American Water Works Company Inc makes up approx 0.08% of Neuberger Berman Group’s portfolio. First National Trust Co sold out all of its stake in AWK during the most recent quarter. The investment firm sold 3,900 shares of AWK which is valued $317,733.

American Water Works Company Inc closed down -0.63 points or -0.85% at $73.36 with 11,44,093 shares getting traded on Thursday. Post opening the session at $73.73, the shares hit an intraday low of $73.29 and an intraday high of $73.95 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, American Water Works Company Inc reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.73. The company had revenue of $827.00 million for the quarter, compared to analysts expectations of $840.06 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on American Water Works Company Inc. Shares were Reiterated by Barclays on Sep 6, 2016 to “Overweight” and Lowered the Price Target to $ 81 from a previous price target of $87 .American Water Works Company Inc was Downgraded by BofA/Merrill to ” Neutral” on Jul 6, 2016.

American Water Works Company Inc. is a water and wastewater utility holding company. Through its subsidiaries the Company provides drinking water wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. The Company has two operating segments: the Regulated Businesses and the Market-Based Operations. The Regulated Businesses segment owns subsidiaries that provide water and wastewater utility services to residential commercial industrial and other customers. The Market-Based Operations segment provides water and wastewater services to military bases municipalities industrial commercial and residential customers that are not subject to economic regulation by state Public Utility Commissions (PUC). The Company’s subsidiaries include Illinois-American Water Company (ILAWC) American Lake Water Company and West Virginia-American Water Company (WVAWC).

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