York Water (NASDAQ:YORW) Stock Rating Upgraded by Wall Street Zen

York Water (NASDAQ:YORW) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

York Water Price Performance

Shares of NASDAQ YORW opened at $31.89 on Friday. The business’s 50 day moving average price is $33.75 and its two-hundred day moving average price is $33.37. The company has a market cap of $459.22 million, a PE ratio of 21.55 and a beta of 0.72. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. York Water has a twelve month low of $29.86 and a twelve month high of $41.96.

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

Hedge Funds Weigh In On York Water

Several institutional investors and hedge funds have recently made changes to their positions in the company. Inspire Investing LLC acquired a new position in shares of York Water in the first quarter valued at approximately $343,000. Jane Street Group LLC acquired a new position in shares of York Water in the first quarter valued at approximately $498,000. Zimmer Partners LP grew its position in shares of York Water by 1.4% in the first quarter. Zimmer Partners LP now owns 757,623 shares of the utilities provider’s stock valued at $26,274,000 after purchasing an additional 10,680 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of York Water in the first quarter valued at approximately $263,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of York Water by 8.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,476 shares of the utilities provider’s stock valued at $398,000 after purchasing an additional 937 shares during the last quarter. Institutional investors and hedge funds own 49.86% of the company’s stock.

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.