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

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

York Water Stock Performance

YORW opened at $38.32 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.78 and a quick ratio of 0.61. The firm has a fifty day moving average price of $38.21 and a 200 day moving average price of $36.79. York Water has a 1 year low of $33.32 and a 1 year high of $42.47. The stock has a market cap of $549.70 million, a P/E ratio of 22.54 and a beta of 0.63.

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

Hedge Funds Weigh In On York Water

Several large investors have recently made changes to their positions in YORW. SG Americas Securities LLC acquired a new position in York Water during the fourth quarter worth $143,000. Russell Investments Group Ltd. raised its position in York Water by 22.7% during 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. Quadrant Capital Group LLC raised its position in York Water by 42.9% during the fourth 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. Haverford Trust Co acquired a new position in York Water during the fourth quarter worth $255,000. Finally, Panagora Asset Management Inc. acquired a new position in York Water during the fourth quarter worth $306,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

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.