Time to Reconsider Aqua America Incorporated (NYSE:WTR) After Less Short Sellers?

October 13, 2017 - By Migdalia James

 Time to Reconsider Aqua America Incorporated (NYSE:WTR) After Less Short Sellers?

Investors sentiment decreased to 1.1 in 2017 Q2. Its down 0.01, from 1.11 in 2017Q1. It fall, as 25 investors sold Aqua America Inc shares while 109 reduced holdings. 26 funds opened positions while 122 raised stakes. 89.18 million shares or 1.16% more from 88.15 million shares in 2017Q1 were reported.
Paloma Prtn Mngmt has 20,570 shares. Natl Bank Of Mellon Corporation holds 2.68M shares. Town Country National Bank Tru Dba First Bankers Tru holds 0.75% of its portfolio in Aqua America Inc (NYSE:WTR) for 41,673 shares. Motco reported 0.57% of its portfolio in Aqua America Inc (NYSE:WTR). Ameritas Invest Partners accumulated 67,048 shares. Jpmorgan Chase And reported 125,805 shares. Murphy Mgmt has 8,362 shares for 0.04% of their portfolio. Kistler holds 0.17% of its portfolio in Aqua America Inc (NYSE:WTR) for 10,809 shares. Geneva Advsr Ltd Liability reported 6,498 shares. Suntrust Banks owns 18,574 shares. Hanson & Doremus Inv Management has 2,830 shares. 308,486 were reported by Commonwealth Equity Services. Arcadia Invest Mi holds 0.08% or 7,475 shares. Oakbrook Investments Limited, Illinois-based fund reported 7,473 shares. Magellan Asset Mgmt holds 118,153 shares or 0.02% of its portfolio.

Since June 6, 2017, it had 0 insider buys, and 2 sales for $327,017 activity. $189,118 worth of stock was sold by FOX RICHARD SCOTT on Tuesday, June 6.

The stock of Aqua America Incorporated (NYSE:WTR) registered a decrease of 2.23% in short interest. WTR’s total short interest was 6.95 million shares in October as published by FINRA. Its down 2.23% from 7.11 million shares, reported previously. With 345,700 shares average volume, it will take short sellers 20 days to cover their WTR’s short positions. The short interest to Aqua America Incorporated’s float is 3.92%.

About 359,780 shares traded. Aqua America Inc (NYSE:WTR) has risen 0.64% since October 13, 2016 and is uptrending. It has underperformed by 16.06% the S&P500.

Aqua America, Inc. is a holding company. The company has market cap of $6.18 billion. The Firm is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. It has a 26.58 P/E ratio. The Firm is the holding firm for its primary subsidiary, Aqua Pennsylvania, Inc.

Aqua America Inc (NYSE:WTR) Ratings Coverage

Among 8 analysts covering Aqua America Inc. (NYSE:WTR), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Aqua America Inc. had 17 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Aqua America Inc (NYSE:WTR) has “Equal Weight” rating given on Tuesday, September 6 by Barclays Capital. The firm earned “Overweight” rating on Friday, March 17 by Barclays Capital. The rating was downgraded by Ladenburg Thalmann on Thursday, January 7 to “Neutral”. Argus Research maintained the stock with “Buy” rating in Monday, March 21 report. Barclays Capital maintained Aqua America Inc (NYSE:WTR) rating on Friday, September 22. Barclays Capital has “Overweight” rating and $38 target. The rating was maintained by Boenning & Scattergood with “Buy” on Thursday, August 3. The firm earned “Equal-Weight” rating on Friday, March 18 by Barclays Capital. The company was downgraded on Monday, December 21 by Hilliard Lyons. On Friday, September 29 the stock rating was maintained by Robert W. Baird with “Hold”. The firm earned “Buy” rating on Tuesday, January 26 by Argus Research.

More notable recent Aqua America Inc (NYSE:WTR) news were published by: Fool.com which released: “Why Aqua America, Inc. Shareholders Have Nothing to Worry About” on April 11, 2017, also Fool.com with their article: “The case for California Water Service” published on March 28, 2017, Seekingalpha.com published: “Aqua America Is Undervalued” on July 18, 2017. More interesting news about Aqua America Inc (NYSE:WTR) were released by: Philly.com and their article: “EEOC sues Aqua America for racial discrimination” published on October 04, 2017 as well as Businesswire.com‘s news article titled: “Aqua America to Report Earnings for Q3 2017” with publication date: October 05, 2017.

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