Stock Worth Mentioning: Is Buying All-time Stock Like York Water Co a Winning Strategy?

Stock Worth Mentioning: Is Buying All time Stock Like York Water Co a Winning Strategy?

The stock of York Water Co (NASDAQ:YORW) reached all time high today, Nov, 29 and still has $40.67 target or 8.00% above today’s $37.66 share price. This indicates more upside for the $488.15 million company. This technical setup was reported by Barchart.com. If the $40.67 PT is reached, the company will be worth $39.05 million 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 45,721 shares traded hands or 26.46% up from the average. York Water Co (NASDAQ:YORW) has risen 25.68% since April 26, 2016 and is uptrending. It has outperformed by 20.42% the S&P500.

Analysts await York Water Co (NASDAQ:YORW) to report earnings on March, 14.

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.
Blackrock has invested 0% of its portfolio in York Water Co (NASDAQ:YORW). Brown Lc reported 11,250 shares or 0.01% of all its holdings. Financial Counselors holds 0.03% of its portfolio in York Water Co (NASDAQ:YORW) for 15,566 shares. Financial Bank Of New York Mellon Corporation last reported 123,414 shares in the company. Delta Asset Ltd Liability Tn has 1,250 shares for 0.01% of their US portfolio. Moreover, Bridgeway Capital has 0.03% invested in York Water Co (NASDAQ:YORW) for 58,900 shares. The California-based Blackrock Fund Advsr has invested 0% in York Water Co (NASDAQ:YORW). Dimensional Fund Advsr Limited Partnership reported 325,024 shares or 0.01% of all its holdings. Blackrock Group Inc Limited accumulated 3,372 shares or 0% of the stock. Creative Planning, a Kansas-based fund reported 8,000 shares. State Board Of Administration Of Florida Retirement Systems holds 15,499 shares or 0% of its portfolio. Blackrock Mngmt Llc has 51,486 shares for 0% of their US portfolio. Us Bankshares De accumulated 0% or 150 shares. Gabelli Funds Limited last reported 0.03% of its portfolio in the stock. Brown Advisory Inc last reported 30,000 shares in the company.

Insider Transactions: Since June 15, 2016, the stock had 32 insider buys, and 1 insider sale for $87,005 net activity. Shares for $967 were bought by Snyder Mark S. 300 shares with value of $9,165 were bought by Hand Joseph Thomas on Monday, November 28. HINES JEFFREY R bought 517 shares worth $15,210. NEWCOMER ROBERT P bought 27 shares worth $824. 130 York Water Co (NASDAQ:YORW) shares with value of $3,920 were bought by MILLER KATHLEEN M. Shares for $303 were bought by Keller Jody L on Friday, October 14. Another trade for 38 shares valued at $1,160 was made by MCINTOSH BRUCE C on Friday, July 15.

More recent York Water Co (NASDAQ:YORW) news were published by: Streetinsider.com which released: “Form 4 YORK WATER CO For: Nov 28 Filed by: GANG MICHAEL W” on November 29, 2016. Also Cpbj.com published the news titled: “5 facts you may not know about York Water Co.” on February 18, 2016. Seekingalpha.com‘s news article titled: “The York Water Company: Overflowing Valuation” with publication date: November 07, 2016 was also an interesting one.

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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