The York Water Company $YORW Position Boosted by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in The York Water Company (NASDAQ:YORW) by 80.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 204,036 shares of the utilities provider’s stock after acquiring an additional 91,200 shares during the quarter. Renaissance Technologies LLC’s holdings in York Water were worth $6,213,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in YORW. Arrowstreet Capital Limited Partnership lifted its stake in York Water by 204.6% during the third 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 increased its holdings in shares of York Water by 46.1% in the third quarter. Legal & General Group Plc now owns 379,692 shares of the utilities provider’s stock valued at $11,550,000 after buying an additional 119,809 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of York Water by 79.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 154,490 shares of the utilities provider’s stock valued at $4,919,000 after buying an additional 68,429 shares in the last quarter. CenterBook Partners LP lifted its position in shares of York Water by 156.1% during the 4th quarter. CenterBook Partners LP now owns 88,060 shares of the utilities provider’s stock valued at $2,804,000 after acquiring an additional 53,677 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of York Water by 66.1% during the 3rd quarter. Two Sigma Investments LP now owns 131,581 shares of the utilities provider’s stock valued at $4,003,000 after acquiring an additional 52,376 shares during the last quarter. 49.86% of the stock is currently owned by institutional investors.

York Water Stock Performance

York Water stock opened at $30.99 on Wednesday. The York Water Company has a fifty-two week low of $28.26 and a fifty-two week high of $34.30. The firm’s 50 day simple moving average is $30.47 and its 200-day simple moving average is $31.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.72 and a quick ratio of 0.60. The company has a market cap of $502.35 million, a P/E ratio of 21.08 and a beta of 0.60.

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded York Water from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.