York Water (YORW) Lifted to “Sell” at BidaskClub

York Water (NASDAQ:YORW) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Separately, Zacks Investment Research reissued a “hold” rating on shares of York Water in a research report on Saturday, January 13th.

York Water (NASDAQ YORW) opened at $30.95 on Wednesday. York Water has a 12-month low of $28.24 and a 12-month high of $39.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.77 and a current ratio of 0.85. The stock has a market capitalization of $392.89, a price-to-earnings ratio of 31.91 and a beta of 0.43.

Several institutional investors and hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP grew its position in shares of York Water by 13.8% during the 3rd quarter. GSA Capital Partners LLP now owns 17,264 shares of the utilities provider’s stock worth $585,000 after buying an additional 2,100 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in York Water by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 403,978 shares of the utilities provider’s stock valued at $13,695,000 after purchasing an additional 14,254 shares in the last quarter. Wells Fargo & Company MN boosted its position in York Water by 5.6% during the third quarter. Wells Fargo & Company MN now owns 34,068 shares of the utilities provider’s stock valued at $1,155,000 after purchasing an additional 1,820 shares in the last quarter. First Trust Advisors LP boosted its position in York Water by 3.8% during the third quarter. First Trust Advisors LP now owns 92,586 shares of the utilities provider’s stock valued at $3,139,000 after purchasing an additional 3,427 shares in the last quarter. Finally, Strs Ohio boosted its position in York Water by 8.9% during the third quarter. Strs Ohio now owns 20,800 shares of the utilities provider’s stock valued at $705,000 after purchasing an additional 1,700 shares in the last quarter. 33.63% of the stock is currently owned by institutional investors and hedge funds.

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About 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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