Capstone Investment Advisors LLC Takes Position in The York Water Company (NASDAQ:YORW)

Capstone Investment Advisors LLC purchased a new position in shares of The York Water Company (NASDAQ:YORW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,763 shares of the utilities provider’s stock, valued at approximately $548,000.

Several other hedge funds have also recently modified their holdings of the stock. Barclays PLC raised its position in York Water by 297.0% during the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider’s stock worth $838,000 after buying an additional 16,736 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of York Water by 78.3% during the third quarter. JPMorgan Chase & Co. now owns 30,368 shares of the utilities provider’s stock worth $1,138,000 after acquiring an additional 13,339 shares during the period. Fulton Bank N.A. raised its holdings in York Water by 4.7% during the fourth quarter. Fulton Bank N.A. now owns 16,600 shares of the utilities provider’s stock worth $543,000 after purchasing an additional 750 shares in the last quarter. Johnson & White Wealth Management LLC acquired a new stake in York Water in the fourth quarter valued at about $828,000. Finally, SG Americas Securities LLC boosted its holdings in York Water by 17.9% in the 4th quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 1,005 shares in the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Stock Performance

Shares of YORW stock opened at $34.58 on Tuesday. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.87. The stock has a 50 day simple moving average of $34.36 and a 200-day simple moving average of $33.95. The company has a market cap of $497.57 million, a price-to-earnings ratio of 23.37 and a beta of 0.78. The York Water Company has a 12-month low of $29.86 and a 12-month high of $41.96.

York Water (NASDAQ:YORW) last released its quarterly earnings data 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 business had revenue of $18.87 million during the quarter, compared to analysts’ expectations of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%. On average, equities analysts forecast that The York Water Company will post 1.43 EPS for the current year.

York Water 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.