Hsbc Holdings PLC Invests $349,000 in The York Water Company (NASDAQ:YORW)

Hsbc Holdings PLC bought a new position in The York Water Company (NASDAQ:YORW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,666 shares of the utilities provider’s stock, valued at approximately $349,000. Hsbc Holdings PLC owned approximately 0.07% of York Water at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co increased its stake in shares of York Water by 12.1% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 19,184 shares of the utilities provider’s stock worth $627,000 after purchasing an additional 2,073 shares in the last quarter. Barclays PLC raised its holdings in York Water by 10.5% during the fourth quarter. Barclays PLC now owns 24,724 shares of the utilities provider’s stock valued at $809,000 after acquiring an additional 2,353 shares during the period. CenterBook Partners LP lifted its position in shares of York Water by 78.1% in the fourth quarter. CenterBook Partners LP now owns 21,433 shares of the utilities provider’s stock valued at $701,000 after acquiring an additional 9,396 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of York Water by 3.0% in the fourth quarter. Martingale Asset Management L P now owns 22,785 shares of the utilities provider’s stock worth $746,000 after acquiring an additional 670 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of York Water by 6.4% in the fourth quarter. Wells Fargo & Company MN now owns 16,404 shares of the utilities provider’s stock worth $537,000 after acquiring an additional 992 shares during the period. Institutional investors own 49.86% of the company’s stock.

York Water Stock Down 1.6 %

NASDAQ YORW opened at $32.67 on Friday. The York Water Company has a 12 month low of $29.86 and a 12 month high of $41.96. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The stock has a market cap of $470.02 million, a PE ratio of 22.07 and a beta of 0.78. The stock’s 50 day moving average is $34.42 and its 200 day moving average is $33.92.

York Water (NASDAQ:YORW) last posted its earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.08). The company had revenue of $18.46 million for the quarter, compared to analysts’ expectations of $19.00 million. York Water had a net margin of 28.57% and a return on equity of 9.44%. Research analysts predict that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water 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.