Parametric Portfolio Associates LLC Sells 125,798 Shares of The York Water Company (YORW)
Parametric Portfolio Associates LLC cut its position in shares of The York Water Company (NASDAQ:YORW) by 86.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,221 shares of the utilities provider’s stock after selling 125,798 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.15% of The York Water worth $670,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of YORW. Vanguard Group Inc. grew its holdings in shares of The York Water by 23.4% during the first quarter. Vanguard Group Inc. now owns 624,439 shares of the utilities provider’s stock worth $21,887,000 after buying an additional 118,367 shares in the last quarter. First Trust Advisors LP purchased a new stake in The York Water in the second quarter valued at approximately $3,107,000. Dimensional Fund Advisors LP grew its holdings in The York Water by 5.7% in the first quarter. Dimensional Fund Advisors LP now owns 374,489 shares of the utilities provider’s stock valued at $13,126,000 after purchasing an additional 20,092 shares during the period. GSA Capital Partners LLP purchased a new stake in The York Water in the second quarter valued at approximately $528,000. Finally, California Public Employees Retirement System grew its holdings in The York Water by 49.6% in the first quarter. California Public Employees Retirement System now owns 35,000 shares of the utilities provider’s stock valued at $1,301,000 after purchasing an additional 11,600 shares during the period. Institutional investors and hedge funds own 35.10% of the company’s stock.
Shares of The York Water Company (YORW) opened at $36.25 on Wednesday. The York Water Company has a twelve month low of $31.70 and a twelve month high of $39.86. The stock has a market cap of $462.33, a P/E ratio of 36.29 and a beta of 0.55. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.85 and a quick ratio of 0.77.
The York Water (NASDAQ:YORW) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The York Water had a net margin of 25.75% and a return on equity of 10.75%. The firm had revenue of $12.69 million during the quarter. equities analysts anticipate that The York Water Company will post 0.99 EPS for the current year.
A number of equities research analysts recently issued reports on YORW shares. BidaskClub downgraded shares of The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of The York Water from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, November 17th.
The York Water Profile
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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