Insider Buying: Jeffrey R. Hines Acquires 284 Shares of The York Water Company Stock (YORW)
The York Water Company (NASDAQ:YORW) CEO Jeffrey R. Hines acquired 284 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 16th. The shares were purchased at an average price of $19.76 per share, with a total value of $5,611.84. Following the transaction, the chief executive officer now directly owns 43,506 shares in the company, valued at approximately $859,679. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
The York Water Company (NASDAQ:YORW) traded down 0.15% on Wednesday, hitting $19.69. 25,940 shares of the company’s stock traded hands. The York Water Company has a 52 week low of $19.00 and a 52 week high of $22.00. The stock’s 50-day moving average is $20.44 and its 200-day moving average is $20.31. The company has a market cap of $254.9 million and a price-to-earnings ratio of 26.51.
The York Water Company (NASDAQ:YORW) last announced its earnings results on Wednesday, May 7th. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.02. The company had revenue of $10.57 million for the quarter, compared to the consensus estimate of $10.70 million. On average, analysts predict that The York Water Company will post $0.87 earnings per share for the current fiscal year.
Separately, analysts at Zacks upgraded shares of The York Water Company from an “underperform” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $20.20 price target on the stock.
The York Water Company is engaged in the business of impounding, purifying to meet or exceed safe drinking water standards and distribute water.
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