York Water Co (YORW) : Wfg Advisors Lp reduced its stake in York Water Co by 3.4% during the most recent quarter end. The investment management company now holds a total of 165,026 shares of York Water Co which is valued at $4,873,218 after selling 5,810 shares in York Water Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.York Water Co makes up approximately 1.26% of Wfg Advisors Lp’s portfolio.
Other Hedge Funds, Including , Credit Suisse Ag added YORW to its portfolio by purchasing 13,108 company shares during the most recent quarter which is valued at $387,079.Blackrock Fund Advisors boosted its stake in YORW in the latest quarter, The investment management firm added 9,320 additional shares and now holds a total of 339,085 shares of York Water Co which is valued at $10,013,180.Gabelli Funds reduced its stake in YORW by selling 2,000 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 147,000 shares of YORW which is valued at $4,354,140. York Water Co makes up approx 0.03% of Gabelli Funds’s portfolio.First Quadrant L Pca boosted its stake in YORW in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 2,100 shares of York Water Co which is valued at $65,583.
York Water Co opened for trading at $28.91 and hit $29.24 on the upside on Tuesday, eventually ending the session at $29.02, with a gain of 0.38% or 0.11 points. The heightened volatility saw the trading volume jump to 23,135 shares. Company has a market cap of $373 M.
On the company’s financial health, York Water Co reported $0.23 EPS for the quarter, based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus estimate of $0.23. The company had revenue of $11.80 million for the quarter, compared to analysts expectations of $12.08 million. The company’s revenue was down -.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
The York Water Company is an investor-owned water utility in the United States. The Company impounds purifies and distributes water. The Company owns and operates two wastewater collection and treatment systems. The Company operates within its franchised territory which covers 39 municipalities within York County Pennsylvania and eight municipalities within Adams County Pennsylvania. The Company’s wastewater operations include portions of three municipalities in York County Pennsylvania. It obtains its water supply from both the South Branch and East Branch of the Codorus Creek which together have an average flow of 73 million gallons per day. The Company has two reservoirs Lake Williams and Lake Redman which together hold up to approximately 2.2 billion gallons of water. The Company’s water filtration plant is located in Spring Garden Township about one-half mile south of the City of York.