Wall Street Zen Upgrades York Water (NASDAQ:YORW) to Hold

by · The Markets Daily

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

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of York Water in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, York Water has a consensus rating of “Hold”.

Check Out Our Latest Report on YORW

York Water Trading Down 0.4%

NASDAQ YORW opened at $31.95 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.80 and a current ratio of 1.00. York Water has a fifty-two week low of $29.68 and a fifty-two week high of $37.62. The stock has a market cap of $460.75 million, a P/E ratio of 23.32 and a beta of 0.74. The stock has a 50 day simple moving average of $31.05 and a two-hundred day simple moving average of $31.70.

York Water (NASDAQ:YORW – Get Free Report) last announced its earnings results on Thursday, November 6th. The utilities provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05. The firm had revenue of $20.36 million for the quarter, compared to analyst estimates of $21.00 million. York Water had a net margin of 25.83% and a return on equity of 8.50%. On average, analysts forecast that York Water will post 1.43 earnings per share for the current year.

Hedge Funds Weigh In On York Water

Hedge funds have recently modified their holdings of the stock. Inspire Investing LLC bought a new stake in shares of York Water during the 1st quarter worth approximately $343,000. Invesco Ltd. boosted its stake in York Water by 36.8% in the first quarter. Invesco Ltd. now owns 85,086 shares of the utilities provider’s stock valued at $2,951,000 after acquiring an additional 22,866 shares in the last quarter. Nuveen LLC purchased a new stake in York Water during the 1st quarter worth approximately $2,349,000. Zimmer Partners LP lifted its position in York Water by 1.4% during the 1st quarter. Zimmer Partners LP now owns 757,623 shares of the utilities provider’s stock worth $26,274,000 after acquiring an additional 10,680 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in York Water by 109.2% in the first quarter. GSA Capital Partners LLP now owns 26,141 shares of the utilities provider’s stock valued at $907,000 after purchasing an additional 13,648 shares during the last quarter. Hedge funds and other institutional investors own 49.86% of the company’s stock.

York Water Company Profile

(Get Free Report)

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.

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