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Is The York Water Company (YORW) A Good Stock To Buy?

Consequently, some big names have jumped into The York Water Company (NASDAQ:YORW) headfirst. Millennium Management, managed by Israel Englander, initiated the most outsized position in The York Water Company (NASDAQ:YORW). Millennium Management had $0.4 million invested in the company at the end of the quarter. John Overdeck and David Siegel’s Two Sigma Advisors also made a $0.2 million investment in the stock during the quarter.

Let’s check out hedge fund activity in other stocks similar to The York Water Company (NASDAQ:YORW). These stocks are Akarti Therapeutics PLC (ADR) (NASDAQ:AKTX), Trinity Biotech plc (ADR) (NASDAQ:TRIB), American Software, Inc. (NASDAQ:AMSWA), and Blount International, Inc. (NYSE:BLT). All of these stocks’ market caps are similar to YORW’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
AKTX 9 61820 9
TRIB 20 57248 1
AMSWA 7 18267 2
BLT 20 113965 -4

As you can see these stocks had an average of 14 hedge funds with bullish positions and the average amount invested in these stocks was $63 million.That figure was $8 million in YORW’s case. Trinity Biotech plc (ADR) (NASDAQ:TRIB) is the most popular stock in this table. On the other hand American Software, Inc. (NASDAQ:AMSWA) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks The York Water Company (NASDAQ:YORW) is even less popular than AMSWA. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

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