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

CenterBook Partners LP increased its holdings in shares of The York Water Company (NASDAQ:YORW) by 156.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 88,060 shares of the utilities provider’s stock after acquiring an additional 53,677 shares during the quarter. CenterBook Partners LP’s holdings in York Water were worth $2,804,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Advisory Services Network LLC bought a new position in York Water during the third quarter worth about $31,000. Farther Finance Advisors LLC increased its position in York Water by 62.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,148 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 441 shares during the period. Parallel Advisors LLC increased its position in York Water by 589.5% during the third quarter. Parallel Advisors LLC now owns 1,179 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 1,008 shares during the period. GAMMA Investing LLC increased its position in York Water by 211.4% during the fourth quarter. GAMMA Investing LLC now owns 1,367 shares of the utilities provider’s stock worth $44,000 after acquiring an additional 928 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in York Water by 86.9% during the second quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 656 shares during the period. 49.86% of the stock is owned by institutional investors.

York Water Price Performance

YORW stock opened at $29.69 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.94. The York Water Company has a 12 month low of $28.26 and a 12 month high of $34.30. The firm has a market cap of $481.25 million, a P/E ratio of 20.20 and a beta of 0.61. The company’s 50-day moving average price is $30.09 and its two-hundred day moving average price is $31.65.

York Water (NASDAQ:YORW) last released its 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. York Water had a net margin of 26.84% and a return on equity of 8.89%. The firm had revenue of $20.07 million for the quarter, compared to analyst estimates of $20.29 million.

York Water Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. York Water’s dividend payout ratio (DPR) is currently 61.90%.

Insider Buying and Selling

In other news, CEO Joseph Thomas Hand bought 1,052 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were purchased at an average cost of $28.50 per share, with a total value of $29,982.00. Following the acquisition, the chief executive officer directly owned 41,332 shares in the company, valued at $1,177,962. This represents a 2.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have bought 1,556 shares of company stock valued at $44,590. 0.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of York Water from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About York Water

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.