York Water (NASDAQ:YORW) Upgraded at Wall Street Zen

York Water (NASDAQ:YORW) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

York Water Price Performance

NASDAQ YORW opened at $30.86 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.00 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $445.00 million, a PE ratio of 22.53 and a beta of 0.74. The company has a 50 day moving average price of $31.05 and a two-hundred day moving average price of $32.63. York Water has a 12-month low of $29.86 and a 12-month high of $39.79.

York Water (NASDAQ:YORW) last posted its earnings results on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $19.20 million during the quarter, compared to analysts’ expectations of $19.00 million. York Water had a net margin of 25.83% and a return on equity of 8.50%. As a group, equities analysts predict that York Water will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of York Water

Institutional investors and hedge funds have recently modified their holdings of the company. Crowley Wealth Management Inc. lifted its stake in shares of York Water by 100.0% in the first quarter. Crowley Wealth Management Inc. now owns 1,000 shares of the utilities provider’s stock worth $35,000 after buying an additional 500 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of York Water by 700.0% in the second quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock worth $39,000 after buying an additional 1,078 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of York Water by 86.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock worth $45,000 after buying an additional 656 shares during the last quarter. CWM LLC lifted its stake in shares of York Water by 70.4% in the second quarter. CWM LLC now owns 2,593 shares of the utilities provider’s stock worth $82,000 after buying an additional 1,071 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of York Water by 349.3% in the first quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider’s stock worth $125,000 after buying an additional 2,805 shares during the last quarter. 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.