StockNews.com Lowers York Water (NASDAQ:YORW) to Sell

StockNews.com downgraded 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 YORW stock opened at $38.67 on Monday. The stock has a market cap of $554.72 million, a PE ratio of 22.75 and a beta of 0.63. York Water has a 1 year low of $33.32 and a 1 year high of $42.32. 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 business’s fifty day moving average is $38.25 and its 200-day moving average is $36.80.

York Water (NASDAQ:YORW) last issued its earnings results on Friday, August 2nd. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.10). The company had revenue of $18.75 million for 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%. Equities analysts expect that York Water will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of York Water

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

About York Water

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.