York Water (NASDAQ:YORW) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of York Water (NASDAQ:YORW) from a hold rating to a sell rating in a research note published on Wednesday.

York Water Stock Performance

Shares of NASDAQ YORW opened at $38.16 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.61 and a current ratio of 0.78. The stock has a 50 day moving average price of $38.48 and a 200 day moving average price of $36.89. The stock has a market capitalization of $547.41 million, a PE ratio of 22.45 and a beta of 0.63. York Water has a 52 week low of $33.32 and a 52 week high of $41.96.

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

Institutional Investors Weigh In On York Water

A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC increased its position in York Water by 37.5% during the second quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock worth $64,000 after buying an additional 474 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of York Water by 42.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,299 shares of the utilities provider’s stock worth $89,000 after acquiring an additional 690 shares during the period. TFO Wealth Partners LLC increased its holdings in shares of York Water by 17,525.0% during the 4th quarter. TFO Wealth Partners LLC now owns 705 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 701 shares during the last quarter. BNP Paribas Financial Markets raised its stake 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 valued at $475,000 after acquiring an additional 810 shares during the period. Finally, Retirement Planning Co of New England Inc. lifted its holdings in York Water by 14.3% during the 1st quarter. Retirement Planning Co of New England Inc. now owns 9,961 shares of the utilities provider’s stock valued at $361,000 after purchasing an additional 1,246 shares during the last quarter. 49.86% of the stock is owned by institutional investors.

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.