CenterBook Partners LP Buys 36,932 Shares of The York Water Company (NASDAQ:YORW)

CenterBook Partners LP raised its stake in shares of The York Water Company (NASDAQ:YORW - Free Report) by 172.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,365 shares of the utilities provider's stock after buying an additional 36,932 shares during the quarter. CenterBook Partners LP owned about 0.41% of York Water worth $2,024,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in York Water by 2.4% during the first quarter. Vanguard Group Inc. now owns 870,459 shares of the utilities provider's stock valued at $30,188,000 after buying an additional 20,385 shares during the last quarter. Zimmer Partners LP raised its stake in York Water by 5.2% during the fourth quarter. Zimmer Partners LP now owns 746,943 shares of the utilities provider's stock valued at $24,440,000 after buying an additional 37,076 shares during the last quarter. ProShare Advisors LLC raised its stake in York Water by 21.6% during the fourth quarter. ProShare Advisors LLC now owns 226,339 shares of the utilities provider's stock valued at $7,406,000 after buying an additional 40,199 shares during the last quarter. Northern Trust Corp raised its stake in York Water by 3.7% during the fourth quarter. Northern Trust Corp now owns 150,485 shares of the utilities provider's stock valued at $4,924,000 after buying an additional 5,344 shares during the last quarter. Finally, Penn Capital Management Company LLC raised its stake in York Water by 5.3% during the fourth quarter. Penn Capital Management Company LLC now owns 145,132 shares of the utilities provider's stock valued at $4,749,000 after buying an additional 7,333 shares during the last quarter. Hedge funds and other institutional investors own 49.86% of the company's stock.

York Water Stock Performance

Shares of YORW traded up $0.03 during trading hours on Friday, hitting $31.27. The stock had a trading volume of 52,071 shares, compared to its average volume of 60,542. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.90 and a quick ratio of 0.71. The York Water Company has a 12 month low of $29.86 and a 12 month high of $41.96. The firm has a market capitalization of $450.29 million, a PE ratio of 22.81 and a beta of 0.70. The stock has a fifty day moving average price of $32.26 and a 200 day moving average price of $32.87.

York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.08). York Water had a return on equity of 8.56% and a net margin of 25.91%. The firm had revenue of $18.46 million during the quarter, compared to the consensus estimate of $19.00 million. Analysts anticipate that The York Water Company will post 1.43 EPS for the current year.

York Water Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.2192 per share. This represents a $0.88 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Monday, June 30th. York Water's dividend payout ratio is presently 64.23%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered York Water from a "hold" rating to a "sell" rating in a report on Saturday, July 5th.

York Water Company 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.