CenterBook Partners LP Purchases 53,677 Shares of The York Water Company $YORW

CenterBook Partners LP boosted its position in The York Water Company (NASDAQ:YORW) by 156.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 88,060 shares of the utilities provider’s stock after purchasing an additional 53,677 shares during the period. CenterBook Partners LP owned about 0.61% of York Water worth $2,804,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of YORW. Arrowstreet Capital Limited Partnership lifted its stake in York Water by 204.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 194,436 shares of the utilities provider’s stock valued at $5,915,000 after purchasing an additional 130,613 shares during the last quarter. Legal & General Group Plc lifted its stake in York Water by 46.1% in the 3rd quarter. Legal & General Group Plc now owns 379,692 shares of the utilities provider’s stock valued at $11,550,000 after purchasing an additional 119,809 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in York Water by 79.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 154,490 shares of the utilities provider’s stock valued at $4,919,000 after purchasing an additional 68,429 shares during the last quarter. Two Sigma Investments LP lifted its stake in York Water by 66.1% in the 3rd quarter. Two Sigma Investments LP now owns 131,581 shares of the utilities provider’s stock valued at $4,003,000 after purchasing an additional 52,376 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in York Water in the 3rd quarter valued at about $1,338,000. 49.86% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at York Water

In related news, CEO Joseph Thomas Hand acquired 1,052 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were bought at an average cost of $28.50 per share, with a total value of $29,982.00. Following the completion of the transaction, the chief executive officer directly owned 41,332 shares of the company’s stock, valued at $1,177,962. This trade represents a 2.61% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought 1,556 shares of company stock valued at $44,590 over the last 90 days. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of “Hold”.

York Water Price Performance

Shares of YORW opened at $29.69 on Tuesday. The firm has a market capitalization of $481.25 million, a PE ratio of 20.20 and a beta of 0.61. The company’s 50-day moving average is $30.09 and its 200-day moving average is $31.65. The York Water Company has a fifty-two week low of $28.26 and a fifty-two week high of $34.30. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.72 and a quick ratio of 0.60.

York Water (NASDAQ:YORW) last issued its quarterly earnings data on Tuesday, May 5th. The utilities provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.02. The company had revenue of $20.07 million for the quarter, compared to analyst estimates of $20.29 million. York Water had a net margin of 26.84% and a return on equity of 8.89%.

York Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.228 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.91 annualized dividend and a dividend yield of 3.1%. York Water’s dividend payout ratio is presently 61.90%.

York Water 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.