GSA Capital Partners LLP Purchases 13,648 Shares of The York Water Company (NASDAQ:YORW)

GSA Capital Partners LLP increased its holdings in The York Water Company (NASDAQ:YORW - Free Report) by 109.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,141 shares of the utilities provider's stock after acquiring an additional 13,648 shares during the quarter. GSA Capital Partners LLP owned about 0.18% of York Water worth $907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new stake in York Water during the 4th quarter valued at about $211,000. JPMorgan Chase & Co. increased its stake in York Water by 49.3% during the 4th quarter. JPMorgan Chase & Co. now owns 45,325 shares of the utilities provider's stock valued at $1,483,000 after purchasing an additional 14,957 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in York Water during the 4th quarter valued at about $41,000. Wells Fargo & Company MN increased its stake in York Water by 6.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,404 shares of the utilities provider's stock valued at $537,000 after purchasing an additional 992 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake in York Water by 3.0% during the 4th quarter. Martingale Asset Management L P now owns 22,785 shares of the utilities provider's stock valued at $746,000 after purchasing an additional 670 shares in the last quarter. 49.86% of the stock is currently owned by institutional investors.

York Water Stock Performance

Shares of NASDAQ YORW traded up $0.32 during trading on Monday, reaching $30.77. 22,282 shares of the company traded hands, compared to its average volume of 74,816. The firm has a 50 day simple moving average of $31.86 and a 200-day simple moving average of $32.84. The company has a quick ratio of 0.71, a current ratio of 0.90 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $443.02 million, a PE ratio of 22.46 and a beta of 0.71. The York Water Company has a 52-week low of $29.86 and a 52-week high of $40.09.

York Water (NASDAQ:YORW - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.08). The company had revenue of $18.46 million for the quarter, compared to analysts' expectations of $19.00 million. York Water had a net margin of 25.91% and a return on equity of 8.56%. Equities research analysts anticipate that The York Water Company will post 1.43 earnings per share for the current year.

Analysts Set New Price Targets

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

York Water 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.