Aqua America Inc (WTR) : Fenimore Asset Management Inc reduced its stake in Aqua America Inc by 24.97% during the most recent quarter end. The investment management company now holds a total of 651,323 shares of Aqua America Inc which is valued at $19,025,145 after selling 216,722 shares in Aqua America Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Aqua America Inc makes up approximately 0.93% of Fenimore Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Contravisory Investment Management reduced its stake in WTR by selling 9,546 shares or 4.75% in the most recent quarter. The Hedge Fund company now holds 191,357 shares of WTR which is valued at $5,631,637. Aqua America Inc makes up approx 1.85% of Contravisory Investment Management’s portfolio. Carroll Financial Associates added WTR to its portfolio by purchasing 443 company shares during the most recent quarter which is valued at $13,037.First Mercantile Trust Co boosted its stake in WTR in the latest quarter, The investment management firm added 7,960 additional shares and now holds a total of 23,864 shares of Aqua America Inc which is valued at $694,681. Aqua America Inc makes up approx 0.09% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in WTR by selling 58,809 shares or 73.4% in the most recent quarter. The Hedge Fund company now holds 21,311 shares of WTR which is valued at $626,543.
Aqua America Inc closed down -0.22 points or -0.75% at $29.21 with 8,60,920 shares getting traded on Tuesday. Post opening the session at $29.31, the shares hit an intraday low of $29.02 and an intraday high of $29.32 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Aqua America Inc reported $0.33 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $203.88 million for the quarter, compared to analysts expectations of $209.61 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Aqua America Inc. Shares were Reiterated by Barclays on Sep 6, 2016 to “Equal Weight” and Lowered the Price Target to $ 34 from a previous price target of $38 .
Aqua America Inc. is a holding company. The Company through its subsidiaries provides water or wastewater services in Pennsylvania Ohio Texas Illinois North Carolina New Jersey Indiana and Virginia. Its largest operating subsidiary is Aqua Pennsylvania Inc. which provides water or wastewater services to approximately one-half of the total number of people the Company serves. Its other regulated utility subsidiaries provide similar services in seven other states. In addition its non-regulated subsidiary Aqua Resources Inc. provides liquid waste hauling and disposal; water and wastewater services; water and wastewater line repair service and protection solutions to households; designs and builds water and wastewater systems and provides other non-regulated water and wastewater services among others. The Companys non-regulated subsidiary Aqua Infrastructure LLC provides non-utility raw water supply services for firms in the natural gas drilling industry.