TIAA CREF Investment Management LLC reduced its position in shares of The York Water Company (NASDAQ:YORW) by 13.8% during the first quarter, Holdings Channel reports. The fund owned 33,402 shares of the utilities provider’s stock after selling 5,332 shares during the period. TIAA CREF Investment Management LLC’s holdings in The York Water were worth $1,171,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in YORW. Dimensional Fund Advisors LP increased its position in The York Water by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 354,397 shares of the utilities provider’s stock worth $13,538,000 after buying an additional 12,008 shares during the last quarter. State Street Corp increased its position in The York Water by 2.0% in the fourth quarter. State Street Corp now owns 243,472 shares of the utilities provider’s stock worth $9,297,000 after buying an additional 4,867 shares during the last quarter. ProShare Advisors LLC increased its position in The York Water by 17.8% in the first quarter. ProShare Advisors LLC now owns 184,330 shares of the utilities provider’s stock worth $6,461,000 after buying an additional 27,811 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in The York Water by 482.2% in the first quarter. Parametric Portfolio Associates LLC now owns 145,019 shares of the utilities provider’s stock worth $5,083,000 after buying an additional 120,112 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in The York Water by 4.8% in the first quarter. Bank of New York Mellon Corp now owns 100,534 shares of the utilities provider’s stock worth $3,523,000 after buying an additional 4,577 shares during the last quarter. Institutional investors and hedge funds own 35.46% of the company’s stock.

Shares of The York Water Company (NASDAQ:YORW) traded down 0.15% during mid-day trading on Wednesday, hitting $33.05. The company had a trading volume of 1,926 shares. The York Water Company has a 52-week low of $27.68 and a 52-week high of $39.86. The stock’s 50-day moving average is $34.65 and its 200-day moving average is $34.98. The stock has a market cap of $424.59 million, a price-to-earnings ratio of 35.54 and a beta of 0.57.

The York Water (NASDAQ:YORW) last announced its earnings results on Thursday, August 3rd. The utilities provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The York Water had a return on equity of 10.52% and a net margin of 25.05%. The business had revenue of $12.30 million for the quarter, compared to analyst estimates of $12.21 million. During the same period in the previous year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts forecast that The York Water Company will post $0.96 earnings per share for the current year.

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A number of research analysts have recently commented on YORW shares. Zacks Investment Research downgraded The York Water from a “buy” rating to a “hold” rating in a report on Saturday, May 27th. BidaskClub cut The York Water from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.

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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