York Water (NASDAQ:YORW) Raised to "Hold" at Wall Street Zen

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

York Water Trading Up 0.9%

York Water stock traded up $0.30 during mid-day trading on Friday, reaching $32.19. 64,787 shares of the company traded hands, compared to its average volume of 59,391. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The firm's 50 day moving average price is $33.71 and its 200 day moving average price is $33.33. The firm has a market capitalization of $463.54 million, a price-to-earnings ratio of 21.75 and a beta of 0.72. York Water has a 52-week low of $29.86 and a 52-week high of $41.96.

York Water (NASDAQ:YORW - Get Free Report) last announced its earnings results on Tuesday, May 6th. The utilities provider reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.08). York Water had a net margin of 28.57% and a return on equity of 9.44%. The company had revenue of $18.46 million for the quarter, compared to the consensus estimate of $19.00 million. On average, analysts anticipate that York Water will post 1.43 earnings per share for the current fiscal year.

Institutional Trading of York Water

Hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new stake in York Water during the 4th quarter valued at about $434,000. Hsbc Holdings PLC bought a new stake in shares of York Water during the fourth quarter valued at approximately $349,000. Rhumbline Advisers increased its position in shares of York Water by 6.4% during the fourth quarter. Rhumbline Advisers now owns 25,755 shares of the utilities provider's stock valued at $843,000 after acquiring an additional 1,560 shares in the last quarter. Two Sigma Investments LP raised its holdings in York Water by 22.4% in the 4th quarter. Two Sigma Investments LP now owns 46,984 shares of the utilities provider's stock worth $1,537,000 after acquiring an additional 8,596 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in York Water by 49.3% in the 4th quarter. JPMorgan Chase & Co. now owns 45,325 shares of the utilities provider's stock worth $1,483,000 after acquiring an additional 14,957 shares during the last quarter. 49.86% of the stock is owned by 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.