York Water (NASDAQ:YORW) Downgraded by StockNews.com to “Sell”

StockNews.com cut shares of York Water (NASDAQ:YORW) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

York Water Stock Up 0.9 %

Shares of NASDAQ:YORW opened at $38.67 on Monday. The business has a 50 day simple moving average of $38.25 and a two-hundred day simple moving average of $36.80. The firm has a market capitalization of $554.72 million, a PE ratio of 22.75 and a beta of 0.63. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.78 and a quick ratio of 0.61. York Water has a 1 year low of $33.32 and a 1 year high of $42.32.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Friday, August 2nd. The utilities provider reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.10). The firm had revenue of $18.75 million during the quarter, compared to the consensus estimate of $19.00 million. York Water had a net margin of 31.27% and a return on equity of 10.32%. On average, equities analysts predict that York Water will post 1.43 EPS for the current year.

Institutional Trading of York Water

A number of institutional investors have recently bought and sold shares of YORW. Russell Investments Group Ltd. increased its stake in shares of York Water by 22.7% in the fourth quarter. Russell Investments Group Ltd. now owns 107,026 shares of the utilities provider’s stock worth $4,133,000 after acquiring an additional 19,827 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of York Water by 237.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 6,106 shares of the utilities provider’s stock worth $221,000 after purchasing an additional 4,294 shares in the last quarter. Mather Group LLC. acquired a new position in shares of York Water during the 2nd quarter worth about $106,000. BNP Paribas Financial Markets boosted its holdings in York Water by 6.6% in the 1st quarter. BNP Paribas Financial Markets now owns 13,107 shares of the utilities provider’s stock worth $475,000 after buying an additional 810 shares during the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in shares of York Water by 17,525.0% during the fourth quarter. TFO Wealth Partners LLC now owns 705 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 701 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors and hedge funds.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.