York Water (NASDAQ:YORW) Rating Lowered to Sell at StockNews.com

York Water (NASDAQ:YORW) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

York Water Stock Down 2.2 %

YORW stock opened at $38.06 on Wednesday. York Water has a 52 week low of $33.32 and a 52 week high of $41.96. The business has a 50-day simple moving average of $38.45 and a 200 day simple moving average of $36.88. The company has a quick ratio of 0.61, a current ratio of 0.78 and a debt-to-equity ratio of 0.85. The company has a market cap of $546.54 million, a PE ratio of 22.45 and a beta of 0.63.

York Water (NASDAQ:YORW) last released its earnings results on Friday, August 2nd. The utilities provider reported $0.35 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 the consensus estimate of $19.00 million. Sell-side analysts anticipate that York Water will post 1.43 EPS for the current fiscal year.

Institutional Trading of York Water

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its stake 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. CWM LLC boosted its holdings in shares of York Water by 37.5% during the 2nd quarter. CWM LLC now owns 1,738 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 474 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in York Water by 237.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 6,106 shares of the utilities provider’s stock worth $221,000 after acquiring an additional 4,294 shares during the last quarter. Mather Group LLC. acquired a new position in York Water in the 2nd quarter worth about $106,000. Finally, BNP Paribas Financial Markets raised its position in York Water by 6.6% in the first quarter. BNP Paribas Financial Markets now owns 13,107 shares of the utilities provider’s stock valued at $475,000 after purchasing an additional 810 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors.

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.