Vanguard Group Inc. Raises Stock Holdings in The York Water Company $YORW

Key Points

• Vanguard Group Inc. has increased its stake in The York Water Company by 2.4%, owning approximately 870,459 shares valued at about $30.19 million.
• Multiple hedge funds have also adjusted their positions in York Water, including a striking 12,413.5% increase by GAMMA Investing LLC during the 1st quarter.
• York Water has received a downgrade from "hold" to "sell" according to a report from Wall Street Zen, despite reporting better-than-expected quarterly earnings.

Vanguard Group Inc. lifted its position in shares of The York Water Company (NASDAQ:YORW - Free Report) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 870,459 shares of the utilities provider's stock after purchasing an additional 20,385 shares during the quarter. Vanguard Group Inc. owned about 6.05% of York Water worth $30,188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of YORW. Crowley Wealth Management Inc. boosted its position in shares of York Water by 100.0% during 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 last quarter. Aquatic Capital Management LLC lifted its position in shares of York Water by 67.0% during the fourth quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider's stock worth $88,000 after purchasing an additional 1,084 shares during the last quarter. Signaturefd LLC boosted its stake in shares of York Water by 349.3% during the first quarter. Signaturefd LLC now owns 3,608 shares of the utilities provider's stock valued at $125,000 after purchasing an additional 2,805 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of York Water in the fourth quarter worth about $297,000. Finally, GAMMA Investing LLC increased its stake in 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 buying an additional 9,186 shares during the period. Hedge funds and other institutional investors own 49.86% of the company's stock.

Analyst Upgrades and Downgrades

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

York Water Stock Up 0.8%

Shares of YORW stock opened at $31.27 on Thursday. The York Water Company has a twelve month low of $29.86 and a twelve month high of $39.79. The stock's 50 day simple moving average is $31.37 and its 200 day simple moving average is $32.80. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.80 and a current ratio of 1.00. The company has a market capitalization of $450.91 million, a price-to-earnings ratio of 22.82 and a beta of 0.71.

York Water (NASDAQ:YORW - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $19.00 million. As a group, research analysts predict that The York Water Company will post 1.43 EPS for the current year.

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.

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