The stock of York Water Co (NASDAQ:YORW) hit a new 52-week high and has $74.76 target or 117.00% above today’s $34.45 share price. The 8 months bullish chart indicates low risk for the $452.90 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $74.76 price target is reached, the company will be worth $529.89M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $34.45 per share. It is down 3.52% since April 19, 2016 and is uptrending. It has underperformed by 0.34% the S&P500.
According to Zacks Investment Research, “The York Water Company impounds, purifies and distributes water. They are regulated by the Pennsylvania Public Utility Commission in the areas of billing, payment procedures, dispute processing, terminations, service territory, and rate setting. They must obtain PPUC approval before changing any of the aforementioned procedures.”
Insitutional Activity: The institutional sentiment increased to 1.16 in 2016 Q2. Its up 0.13, from 1.03 in 2016Q1. The ratio increased, as 8 funds sold all York Water Co shares owned while 29 reduced positions. 14 funds bought stakes while 24 increased positions. They now own 3.94 million shares or 0.87% more from 3.90 million shares in 2016Q1.
Parametric Port Assocs Lc last reported 0% of its portfolio in the stock. Teachers Advisors Incorporated reported 20,228 shares or 0% of all its holdings. Moreover, Cambridge Invest Rech has 0.02% invested in York Water Co (NASDAQ:YORW) for 22,896 shares. Moreover, Metropolitan Life Insur Company Ny has 0% invested in York Water Co (NASDAQ:YORW) for 10,473 shares. Legal And General Grp Public Limited Company owns 2,166 shares or 0% of their US portfolio. Gabelli Funds Ltd Limited Liability Company has 0.03% invested in the company for 147,000 shares. Envestnet Asset Management Inc, a Illinois-based fund reported 1,000 shares. Proshare Advsrs Limited Co holds 62,938 shares or 0.03% of its portfolio. Motco last reported 0% of its portfolio in the stock. Manufacturers Life Insur The has invested 0% of its portfolio in York Water Co (NASDAQ:YORW). Strs Ohio, a Ohio-based fund reported 22,500 shares. Morgan Stanley last reported 11,039 shares in the company. Deutsche Savings Bank Ag has 3,450 shares for 0% of their US portfolio. Dimensional Fund Advisors L P, a Texas-based fund reported 325,024 shares. Ladenburg Thalmann Svcs has invested 0.01% of its portfolio in York Water Co (NASDAQ:YORW).
Insider Transactions: Since June 15, 2016, the stock had 29 buys, and 1 sale for $66,192 net activity. 359 shares were sold by KAIN GEORGE HAY III ESQ, worth $10,009. 69 shares were bought by Strine John H, worth $1,986. 7 shares were bought by Keller Jody L, worth $214. 3 shares were bought by Waters Ernest J, worth $92 on Friday, July 15. Rasmussen Steven R had bought 21 shares worth $604. $3,941 worth of shares were bought by MILLER KATHLEEN M on Friday, October 14. $962 worth of York Water Co (NASDAQ:YORW) was bought by Snyder Mark S on Friday, July 15.
More important recent York Water Co (NASDAQ:YORW) news were published by: Seekingalpha.com which released: “The York Water Company: Overflowing Valuation” on November 07, 2016, also Cpbj.com published article titled: “5 facts you may not know about York Water Co.”, Zacks.com published: “The York Water Company Upped to Strong Buy; Here’s Why” on April 07, 2016. More interesting news about York Water Co (NASDAQ:YORW) was released by: Globenewswire.com and their article: “York Water Company Reports 2nd Quarter and Six Months Earnings” with publication date: August 03, 2016.
YORW Company Profile
The York Water Company, incorporated on February 08, 1816, is an investor-owned water utility. The Firm impounds, purifies and distributes water. The Firm owns and operates approximately two wastewater collection and treatment systems. It operates within its franchised territory, which covers over 40 municipalities within York County, Pennsylvania and over nine municipalities within Adams County, Pennsylvania. The Company’s approximately two wastewater treatment facilities are located in East Manchester and Lower Windsor Townships. The Firm also provides sewer billing services. The Firm has a service line protection program, which allows clients to pay a fixed monthly fee, and the Company repairs or replaces damaged customer service lines.
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