The York Water Company $YORW Shares Acquired by Penn Mutual Asset Management

Key Points

• Penn Mutual Asset Management increased its stake in The York Water Company by 146.7%, acquiring an additional 11,000 shares and now holding a total of 18,500 shares.
• York Water reported $0.35 earnings per share for the last quarter, surpassing analyst expectations of $0.33, with revenues of $19.20 million.
• Institutional investors own approximately 49.86% of York Water's stock, indicating significant interest from larger investment funds.

Penn Mutual Asset Management grew its stake in The York Water Company (NASDAQ:YORW - Free Report) by 146.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,500 shares of the utilities provider's stock after acquiring an additional 11,000 shares during the quarter. York Water comprises about 1.2% of Penn Mutual Asset Management's portfolio, making the stock its 20th biggest position. Penn Mutual Asset Management owned approximately 0.13% of York Water worth $642,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crowley Wealth Management Inc. increased its holdings in shares of York Water by 100.0% in the 1st quarter. Crowley Wealth Management Inc. now owns 1,000 shares of the utilities provider's stock valued at $35,000 after acquiring an additional 500 shares during the period. Aquatic Capital Management LLC increased its holdings in shares of York Water by 67.0% in the 4th quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider's stock valued at $88,000 after acquiring an additional 1,084 shares during the period. Signaturefd LLC boosted its position in shares of York Water by 349.3% in the 1st quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider's stock worth $125,000 after purchasing an additional 2,805 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of York Water in the 4th quarter worth $297,000. Finally, GAMMA Investing LLC boosted its position in shares of York Water by 12,413.5% in the 1st quarter. GAMMA Investing LLC now owns 9,260 shares of the utilities provider's stock worth $321,000 after purchasing an additional 9,186 shares in the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

York Water Stock Performance

YORW traded up $0.52 on Tuesday, reaching $31.23. 90,763 shares of the stock were exchanged, compared to its average volume of 111,217. The company's 50-day moving average price is $31.50 and its 200 day moving average price is $32.83. The York Water Company has a fifty-two week low of $29.86 and a fifty-two week high of $39.79. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.00 and a quick ratio of 0.80. The firm has a market capitalization of $450.34 million, a PE ratio of 22.80 and a beta of 0.71.

York Water (NASDAQ:YORW - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The utilities provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. York Water had a return on equity of 8.50% and a net margin of 25.83%.The company had revenue of $19.20 million during the quarter, compared to analysts' expectations of $19.00 million. As a group, sell-side analysts forecast that The York Water Company will post 1.43 EPS for the current fiscal year.

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.