Victory Capital Management Inc. Boosts Stock Position in H2O America (NASDAQ:HTO)

Victory Capital Management Inc. grew its stake in shares of H2O America (NASDAQ:HTO - Free Report) by 101.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 335,164 shares of the utilities provider's stock after acquiring an additional 169,038 shares during the quarter. Victory Capital Management Inc. owned about 0.98% of H2O America worth $18,330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. CWM LLC boosted its position in shares of H2O America by 240.2% during the first quarter. CWM LLC now owns 1,395 shares of the utilities provider's stock valued at $76,000 after buying an additional 985 shares during the last quarter. Hughes Financial Services LLC purchased a new stake in shares of H2O America during the first quarter valued at $47,000. Mutual of America Capital Management LLC boosted its position in shares of H2O America by 1,869.7% during the first quarter. Mutual of America Capital Management LLC now owns 90,272 shares of the utilities provider's stock valued at $4,937,000 after buying an additional 85,689 shares during the last quarter. Bank of New York Mellon Corp boosted its position in H2O America by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 349,823 shares of the utilities provider's stock worth $19,132,000 after purchasing an additional 22,234 shares during the last quarter. Finally, D.A. Davidson & CO. purchased a new position in H2O America in the first quarter worth about $480,000. 84.29% of the stock is currently owned by institutional investors.

H2O America Stock Performance

NASDAQ:HTO traded down $0.70 on Friday, hitting $48.61. The stock had a trading volume of 211,651 shares, compared to its average volume of 225,531. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 2.50 and a beta of 0.53. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. The business's 50-day simple moving average is $52.93 and its two-hundred day simple moving average is $52.31. H2O America has a 52-week low of $44.91 and a 52-week high of $62.18.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company raised their target price on H2O America from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Wall Street Zen assumed coverage on H2O America in a research report on Thursday, May 22nd. They issued a "hold" rating on the stock.

About H2O America

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.