York Water (NASDAQ:YORW) Upgraded to Hold at Wall Street Zen

York Water (NASDAQ:YORW) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of York Water in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

York Water Price Performance

NASDAQ:YORW opened at $32.73 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.15 and a quick ratio of 0.95. York Water has a one year low of $29.68 and a one year high of $36.48. The company has a fifty day moving average price of $32.89 and a 200 day moving average price of $31.90. The stock has a market cap of $472.62 million, a P/E ratio of 23.55 and a beta of 0.72.

Hedge Funds Weigh In On York Water

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in York Water by 290.7% in the third quarter. Versant Capital Management Inc now owns 922 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 686 shares during the period. Advisory Services Network LLC acquired a new stake in shares of York Water in the 3rd quarter valued at $31,000. Farther Finance Advisors LLC grew its holdings in shares of York Water by 62.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after purchasing an additional 441 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of York Water by 589.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 1,008 shares during the last quarter. Finally, AlphaQuest LLC increased its position in shares of York Water by 700.0% during the 2nd quarter. AlphaQuest LLC now owns 1,232 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 1,078 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.