UBS Group AG cut its position in shares of The York Water Company (NASDAQ:YORW) by 36.2% during the first quarter, Holdings Channel reports. The fund owned 4,521 shares of the utilities provider’s stock after selling 2,562 shares during the period. UBS Group AG’s holdings in The York Water were worth $158,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake 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 worth $13,126,000 after buying an additional 20,092 shares during the last quarter. Geode Capital Management LLC raised its stake in The York Water by 2.5% in the first quarter. Geode Capital Management LLC now owns 121,557 shares of the utilities provider’s stock worth $4,260,000 after buying an additional 2,916 shares during the last quarter. Vanguard Group Inc. raised its stake in The York Water by 23.4% in 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 during the last quarter. California Public Employees Retirement System raised its stake 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 worth $1,301,000 after buying an additional 11,600 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in The York Water by 3.5% in the first quarter. Teachers Advisors LLC now owns 20,261 shares of the utilities provider’s stock worth $710,000 after buying an additional 680 shares during the last quarter. Institutional investors own 34.73% of the company’s stock.

Shares of The York Water Company (YORW) traded down 0.2964% during mid-day trading on Thursday, hitting $33.6001. The company had a trading volume of 779 shares. The York Water Company has a one year low of $27.68 and a one year high of $39.86. The firm’s 50-day moving average price is $35.02 and its 200 day moving average price is $35.10. The company has a market capitalization of $431.66 million, a P/E ratio of 36.1291 and a beta of 0.57.

The York Water (NASDAQ:YORW) last posted its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $12.30 million for the quarter, compared to analysts’ expectations of $12.21 million. The York Water had a net margin of 25.05% and a return on equity of 10.52%. The firm’s revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. Analysts predict that The York Water Company will post $0.96 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on the company. BidaskClub lowered The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered The York Water from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

About The York Water

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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Institutional Ownership by Quarter for The York Water (NASDAQ:YORW)

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