CenterBook Partners LP Purchases 9,396 Shares of The York Water Company (NASDAQ:YORW)

CenterBook Partners LP increased its holdings in shares of The York Water Company (NASDAQ:YORW) by 78.1% during the fourth quarter, Holdings Channel reports. The fund owned 21,433 shares of the utilities provider’s stock after purchasing an additional 9,396 shares during the period. CenterBook Partners LP’s holdings in York Water were worth $701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. New Age Alpha Advisors LLC acquired a new position in shares of York Water during the fourth quarter worth approximately $41,000. AlphaQuest LLC acquired a new stake in shares of York Water in the fourth quarter valued at approximately $160,000. KLP Kapitalforvaltning AS bought a new position in York Water in the 4th quarter worth approximately $211,000. SG Americas Securities LLC lifted its holdings in York Water by 17.9% during the 4th quarter. SG Americas Securities LLC now owns 6,605 shares of the utilities provider’s stock worth $216,000 after buying an additional 1,005 shares in the last quarter. Finally, FMR LLC boosted its position in York Water by 79.9% in the 3rd quarter. FMR LLC now owns 7,271 shares of the utilities provider’s stock valued at $272,000 after buying an additional 3,229 shares during the last quarter. 49.86% of the stock is owned by institutional investors and hedge funds.

York Water Trading Up 1.3 %

Shares of YORW opened at $34.27 on Friday. The stock’s fifty day simple moving average is $33.51 and its 200-day simple moving average is $34.14. The firm has a market capitalization of $493.11 million, a PE ratio of 23.16 and a beta of 0.65. The York Water Company has a 12-month low of $29.86 and a 12-month high of $41.96. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87.

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

York Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, February 28th will be paid a $0.2192 dividend. This represents a $0.88 annualized dividend and a yield of 2.56%. The ex-dividend date is Friday, February 28th. York Water’s payout ratio is presently 61.27%.

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.