Alliancebernstein L.P. Boosts Stake in The York Water Company (NASDAQ:YORW)

Alliancebernstein L.P. raised its position in The York Water Company (NASDAQ:YORW) by 6.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,708 shares of the utilities provider’s stock after buying an additional 640 shares during the period. Alliancebernstein L.P.’s holdings in The York Water were worth $375,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. acquired a new position in shares of The York Water during the first quarter worth about $156,000. Karp Capital Management Corp acquired a new position in shares of The York Water during the first quarter worth about $206,000. Stifel Financial Corp acquired a new position in shares of The York Water during the first quarter worth about $233,000. American International Group Inc. raised its position in shares of The York Water by 7.0% in the first quarter. American International Group Inc. now owns 7,913 shares of the utilities provider’s stock worth $277,000 after buying an additional 516 shares during the period. Finally, Concert Wealth Management Inc. acquired a new position in shares of The York Water during the first quarter worth about $283,000. Institutional investors and hedge funds own 34.73% of the company’s stock.

Shares of The York Water Company (NASDAQ:YORW) traded down 2.38% during midday trading on Friday, hitting $32.75. The company had a trading volume of 28,107 shares. The York Water Company has a 12 month low of $27.68 and a 12 month high of $39.86. The company has a market cap of $420.74 million, a price-to-earnings ratio of 35.22 and a beta of 0.57. The stock’s 50-day moving average price is $34.85 and its 200-day moving average price is $35.07.

The York Water (NASDAQ:YORW) last issued its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The firm had revenue of $12.30 million during the quarter, compared to the consensus estimate of $12.21 million. The York Water had a return on equity of 10.52% and a net margin of 25.05%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 EPS. On average, equities research analysts forecast that The York Water Company will post $0.96 EPS for the current year.

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YORW has been the subject of several recent research reports. Zacks Investment Research raised The York Water from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, June 6th. BidaskClub downgraded The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

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

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