Penn Capital Management Company LLC Buys 7,333 Shares of The York Water Company (NASDAQ:YORW)

Penn Capital Management Company LLC increased its position in The York Water Company (NASDAQ:YORW - Free Report) by 5.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 145,132 shares of the utilities provider's stock after purchasing an additional 7,333 shares during the quarter. Penn Capital Management Company LLC owned approximately 1.01% of York Water worth $4,749,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Johnson & White Wealth Management LLC acquired a new stake in shares of York Water during the 4th quarter valued at about $828,000. Bank of New York Mellon Corp raised its holdings in shares of York Water by 19.6% in the 4th quarter. Bank of New York Mellon Corp now owns 117,264 shares of the utilities provider's stock worth $3,837,000 after buying an additional 19,238 shares in the last quarter. Barclays PLC raised its holdings in shares of York Water by 297.0% in the 3rd quarter. Barclays PLC now owns 22,371 shares of the utilities provider's stock worth $838,000 after buying an additional 16,736 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of York Water by 26.2% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 78,026 shares of the utilities provider's stock worth $2,553,000 after buying an additional 16,209 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in York Water by 49.3% in the 4th quarter. JPMorgan Chase & Co. now owns 45,325 shares of the utilities provider's stock valued at $1,483,000 after buying an additional 14,957 shares in the last quarter. Institutional investors own 49.86% of the company's stock.

York Water Price Performance

York Water stock traded up $0.68 during mid-day trading on Tuesday, hitting $35.26. 13,469 shares of the company were exchanged, compared to its average volume of 67,082. The company has a market capitalization of $507.38 million, a PE ratio of 23.83 and a beta of 0.65. The business has a fifty day moving average of $34.18 and a 200 day moving average of $34.03. The York Water Company has a 1-year low of $29.86 and a 1-year high of $41.96. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87.

York Water (NASDAQ:YORW - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $18.87 million for the quarter, compared to the consensus estimate of $19.00 million. York Water had a net margin of 28.57% and a return on equity of 9.44%. As a group, sell-side analysts expect that The York Water Company will post 1.43 earnings per share for the current year.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.