Public Employees Retirement Association of Colorado Cuts Holdings in The York Water Company (NASDAQ:YORW)

Public Employees Retirement Association of Colorado reduced its holdings in The York Water Company (NASDAQ:YORW) by 36.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,642 shares of the utilities provider’s stock after selling 3,210 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in York Water were worth $185,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New Age Alpha Advisors LLC purchased a new stake in shares of York Water during the 4th quarter worth $41,000. Aquatic Capital Management LLC lifted its stake in shares of York Water by 67.0% in the fourth quarter. Aquatic Capital Management LLC now owns 2,701 shares of the utilities provider’s stock valued at $88,000 after purchasing an additional 1,084 shares during the period. AlphaQuest LLC acquired a new position in York Water during the fourth quarter worth about $160,000. KLP Kapitalforvaltning AS purchased a new position in York Water in the fourth quarter valued at about $211,000. Finally, SG Americas Securities LLC lifted its position in shares of York Water by 17.9% during the 4th quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock valued at $216,000 after acquiring an additional 1,005 shares during the period. Institutional investors and hedge funds own 49.86% of the company’s stock.

York Water Stock Performance

YORW opened at $35.10 on Friday. The stock’s 50 day simple moving average is $34.33 and its 200 day simple moving average is $34.02. The stock has a market cap of $505.05 million, a P/E ratio of 23.72 and a beta of 0.65. The York Water Company has a 1-year low of $29.86 and a 1-year high of $41.96. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68.

York Water (NASDAQ:YORW) last released its quarterly earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $18.87 million for the quarter, compared to analyst estimates of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. As a group, equities analysts anticipate that The York Water Company will post 1.43 EPS for the current fiscal year.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.