Artesian Resources Corporation (ARTNA) Sets All Time High; Strong Momentum for Holders

October 13, 2017 - By Michael Collier

Investors sentiment increased to 1.31 in Q2 2017. Its up 0.14, from 1.17 in 2017Q1. It increased, as 7 investors sold Artesian Resources Corporation shares while 22 reduced holdings. 10 funds opened positions while 28 raised stakes. 3.38 million shares or 3.66% less from 3.51 million shares in 2017Q1 were reported.
Numeric Investors Ltd Llc owns 8,920 shares. Wfg Limited Partnership holds 1.23% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA) for 144,011 shares. First Tru Advisors Limited Partnership has 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 6,127 shares. Bridgeway Management has 22,200 shares for 0.01% of their portfolio. Pennsylvania-based Philadelphia has invested 0.07% in Artesian Resources Corporation (NASDAQ:ARTNA). Campbell And Investment Adviser Limited Liability Corp stated it has 7,571 shares or 0.27% of all its holdings. Thrivent Fincl For Lutherans accumulated 0.01% or 82,210 shares. Cutter Brokerage reported 0.44% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Metropolitan Life Insurance Ny invested in 5,627 shares or 0% of the stock. Comml Bank Of America Corp De reported 1,881 shares. Mufg Americas Holdings owns 265 shares. At State Bank reported 0.02% stake. New York State Common Retirement Fund owns 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 32,700 shares. Financial Bank Of Montreal Can reported 6,686 shares or 0% of all its holdings. Los Angeles Capital Mngmt Equity Rech Incorporated holds 0% or 17,127 shares.

Since May 10, 2017, it had 0 buys, and 3 insider sales for $668,775 activity. EISENBREY JOHN R JR sold $547,987 worth of Artesian Resources Corporation (NASDAQ:ARTNA) on Thursday, June 15. BIEDERMAN KENNETH R had sold 1,000 shares worth $36,000 on Wednesday, May 10.

The stock of Artesian Resources Corporation (NASDAQ:ARTNA) reached all time high today, Oct, 13 and still has $45.89 target or 8.00 % above today’s $42.49 share price. This indicates more upside for the $389.44 million company. This technical setup was reported by Barchart.com. If the $45.89 PT is reached, the company will be worth $31.16M 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.

The stock decreased 0.16% or $0.07 during the last trading session, reaching $42.49. About 22,727 shares traded or 1.85% up from the average. Artesian Resources Corporation (NASDAQ:ARTNA) has risen 34.39% since October 13, 2016 and is uptrending. It has outperformed by 17.69% the S&P500.

Artesian Resources Corporation (NASDAQ:ARTNA) Ratings Coverage

Among 2 analysts covering Artesian Resources (NASDAQ:ARTNA), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Artesian Resources had 4 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Hilliard Lyons given on Wednesday, October 21. The company was downgraded on Wednesday, March 2 by Robert W. Baird. The stock of Artesian Resources Corporation (NASDAQ:ARTNA) has “Neutral” rating given on Friday, November 6 by Hilliard Lyons. As per Friday, August 7, the company rating was upgraded by Zacks.

More notable recent Artesian Resources Corporation (NASDAQ:ARTNA) news were published by: Globenewswire.com which released: “Artesian Resources Corporation Announces Promotion of Joseph A. DiNunzio to …” on June 08, 2017, also Globenewswire.com with their article: “Artesian Resources Corporation Reports First Quarter 2017 Results” published on May 03, 2017, Nasdaq.com published: “Artesian Resources Corporation (ARTNA) Ex-Dividend Date Scheduled for August …” on August 09, 2017. More interesting news about Artesian Resources Corporation (NASDAQ:ARTNA) were released by: Globenewswire.com and their article: “Artesian Water Company, Inc. Enters Into Agreement to purchase water assets of …” published on February 28, 2017 as well as Globenewswire.com‘s news article titled: “Artesian Resources Corporation announces support for Infrastructure Week” with publication date: May 16, 2017.

Artesian Resources Corporation is a holding company. The company has market cap of $389.44 million. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. It has a 29.12 P/E ratio. The Firm distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility clients in the states of Delaware, Maryland and Pennsylvania.

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