The stock of York Water Co (NASDAQ:YORW) reached all time high today, Nov, 22 and still has $37.96 target or 4.00% above today’s $36.50 share price. This indicates more upside for the $468.71 million company. This technical setup was reported by Barchart.com. If the $37.96 PT is reached, the company will be worth $18.75M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 34,181 shares traded hands. York Water Co (NASDAQ:YORW) has risen 6.03% since April 20, 2016 and is uptrending. It has outperformed by 1.48% 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 improved, 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.
Proshare Advisors Ltd Liability reported 62,938 shares or 0.03% of all its holdings. Philadelphia Company, a Pennsylvania-based fund reported 46,165 shares. Blackrock Inv Ltd Llc accumulated 51,486 shares or 0% of the stock. Manchester Mgmt Limited Liability Corp accumulated 0.09% or 20,524 shares. Blackrock Institutional Tru Na has 0% invested in the company for 141,587 shares. Fulton Commercial Bank Na accumulated 15,593 shares or 0.05% of the stock. Edge Wealth Ltd Com last reported 0% of its portfolio in the stock. Clear Harbor Asset Mgmt Ltd Liability Com has 33,925 shares for 0.24% of their US portfolio. Amer Intl Gp Incorporated holds 7,406 shares or 0% of its portfolio. Royal Financial Bank Of Canada owns 7,683 shares or 0% of their US portfolio. The New York-based Gabelli Funds Llc has invested 0.03% in York Water Co (NASDAQ:YORW). Gsa Prtn Limited Liability Partnership has 0.01% invested in the company for 6,651 shares. Barclays Public Limited Com has invested 0% of its portfolio in York Water Co (NASDAQ:YORW). Schwab Charles Management Incorporated owns 25,300 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa has 500 shares for 0% of their US portfolio.
Insider Transactions: Since June 15, 2016, the stock had 29 buys, and 1 sale for $66,192 net activity. Another trade for 25 shares valued at $766 was made by Rasmussen Steven R on Wednesday, July 13. $14,996 worth of shares were bought by Keller Jody L on Wednesday, August 24. 34 shares with value of $967 were bought by Snyder Mark S on Friday, October 14. Strine John H also bought $1,986 worth of York Water Co (NASDAQ:YORW) on Friday, October 14. 27 shares were bought by NEWCOMER ROBERT P, worth $824. On Friday, September 16 the insider KAIN GEORGE HAY III ESQ sold $10,009. 52 shares were bought by GANG MICHAEL W, worth $1,588 on Friday, July 15.
More important recent York Water Co (NASDAQ:YORW) news were published by: Reuters.com which released: “BRIEF-The York Water Company declares an increased dividend” on November 22, 2016, also Globenewswire.com published article titled: “The York Water Company Declares an Increased Dividend”, Seekingalpha.com published: “The York Water Company: Overflowing Valuation” on November 07, 2016. More interesting news about York Water Co (NASDAQ:YORW) was released by: Cpbj.com and their article: “5 facts you may not know about York Water Co.” with publication date: February 18, 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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