York Water (NASDAQ:YORW) Downgraded to "Sell" Rating by Wall Street Zen

Key Points

• York Water has been downgraded from a "hold" rating to a "sell" rating by Wall Street Zen, indicating a negative outlook on the stock.
• Despite the downgrade, Weiss Ratings maintained a "hold (c-)" rating, suggesting mixed sentiments among analysts regarding York Water's performance.
• Shares of York Water traded down 0.4%, reaching $30.07, with a market capitalization of $433.61 million and a current average rating of "Hold" from analysts.

York Water (NASDAQ:YORW - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Friday.

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of York Water in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, York Water presently has an average rating of "Hold".

York Water Trading Down 0.4%

YORW stock traded down $0.11 during trading on Friday, reaching $30.07. 87,017 shares of the stock were exchanged, compared to its average volume of 113,738. The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $433.61 million, a price-to-earnings ratio of 21.95 and a beta of 0.72. The business has a 50 day moving average price of $30.74 and a 200-day moving average price of $32.28. York Water has a 1 year low of $29.68 and a 1 year high of $38.50.

York Water (NASDAQ:YORW - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.33 by $0.02. York Water had a net margin of 25.83% and a return on equity of 8.50%. The business had revenue of $19.20 million during the quarter, compared to the consensus estimate of $19.00 million. On average, research analysts predict that York Water will post 1.43 earnings per share for the current year.

Institutional Trading of York Water

A number of institutional investors and hedge funds have recently bought and sold shares of YORW. Inspire Investing LLC purchased a new position in shares of York Water in the first quarter valued at approximately $343,000. GAMMA Investing LLC lifted its holdings in York Water by 12,413.5% during 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 in the last quarter. Invesco Ltd. boosted its position in York Water by 36.8% in the 1st quarter. Invesco Ltd. now owns 85,086 shares of the utilities provider's stock valued at $2,951,000 after buying an additional 22,866 shares during the period. Nuveen LLC purchased a new position in York Water in the 1st quarter valued at approximately $2,349,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of York Water by 32.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 31,120 shares of the utilities provider's stock worth $1,018,000 after acquiring an additional 7,576 shares in the last quarter. 49.86% of the stock is currently owned by hedge funds and other institutional investors.

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.

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