Clear Harbor Asset Management LLC held its stake in shares of The York Water Company (NASDAQ:YORW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,475 shares of the utilities provider’s stock at the end of the second quarter. Clear Harbor Asset Management LLC owned approximately 0.26% of The York Water worth $1,158,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Russell Investments Group Ltd. purchased a new stake in shares of The York Water during the first quarter valued at $156,000. Karp Capital Management Corp purchased a new stake in shares of The York Water during the first quarter valued at $206,000. Aperio Group LLC increased its stake in shares of The York Water by 2.1% in the second quarter. Aperio Group LLC now owns 5,988 shares of the utilities provider’s stock valued at $209,000 after buying an additional 123 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of The York Water during the first quarter valued at $233,000. Finally, Jane Street Group LLC purchased a new stake in shares of The York Water during the first quarter valued at $248,000. Hedge funds and other institutional investors own 34.73% of the company’s stock.
The York Water Company (NASDAQ:YORW) traded down 0.73% during mid-day trading on Tuesday, hitting $34.00. 18,426 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $35.36 and a 200 day moving average of $35.17. The stock has a market capitalization of $436.70 million, a P/E ratio of 36.60 and a beta of 0.57. The York Water Company has a 52 week low of $27.68 and a 52 week high of $39.86.
The York Water (NASDAQ:YORW) last issued its quarterly earnings results on Thursday, August 3rd. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $12.30 million for the quarter, compared to the consensus estimate of $12.21 million. The York Water had a net margin of 25.05% and a return on equity of 10.52%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS. Equities analysts forecast that The York Water Company will post $0.96 earnings per share for the current fiscal year.
Several brokerages recently weighed in on YORW. Zacks Investment Research upgraded shares of The York Water from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, June 6th. BidaskClub downgraded shares of The York Water from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
About The York Water
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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