Short Interest Don’t Lie: Does Aqua America Incorporated (NYSE:WTR) Have Gas After Even Less Sellers Involved?

November 24, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Don't Lie: Does Aqua America Incorporated (NYSE:WTR) Have Gas After Even Less Sellers Involved?

The stock of Aqua America Incorporated (NYSE:WTR) registered a decrease of 2.96% in short interest. WTR’s total short interest was 5.05M shares in November as published by FINRA. Its down 2.96% from 5.20M shares, reported previously. With 895,400 shares average volume, it will take short sellers 6 days to cover their WTR’s short positions. The short interest to Aqua America Incorporated’s float is 2.85%. The stock decreased 2.89% or $0.89 on November 23, hitting $29.93. About 708,546 shares traded hands. Aqua America Inc (NYSE:WTR) has declined 2.92% since April 22, 2016 and is downtrending. It has underperformed by 8.33% the S&P500.

Aqua America, Inc. is a holding company. The company has a market cap of $5.48 billion. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It has a 24.99 P/E ratio. It is the holding firm for its subsidiary, Aqua Pennsylvania, Inc.

Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.02, from 1.1 in 2016Q1. The ratio is negative, as 19 funds sold all Aqua America Inc shares owned while 118 reduced positions. 31 funds bought stakes while 120 increased positions. They now own 81.01 million shares or 3.23% less from 83.71 million shares in 2016Q1.
Art Advsr Ltd reported 24,039 shares or 0.04% of all its holdings. Lpl Finance last reported 0.01% of its portfolio in the stock. Hanseatic Management last reported 1,371 shares in the company. Shell Asset, a Netherlands-based fund reported 43,241 shares. Pennsylvania Tru Company accumulated 59,053 shares or 0.17% of the stock. Joel Isaacson And Co Ltd Company has invested 0.03% of its portfolio in Aqua America Inc (NYSE:WTR). Cutter And Brokerage holds 159,847 shares or 2.43% of its portfolio. New York State Common Retirement Fund reported 538,500 shares or 0.03% of all its holdings. Janus Ltd owns 298,400 shares or 0.01% of their US portfolio. Canada Pension Plan Inv Board owns 146,200 shares or 0.02% of their US portfolio. Fenimore Asset Management Inc last reported 868,045 shares in the company. Royal Bank & Trust Of Canada holds 0.01% of its portfolio in Aqua America Inc (NYSE:WTR) for 380,979 shares. Clearbridge Invests Llc holds 0% of its portfolio in Aqua America Inc (NYSE:WTR) for 425 shares. Delta Asset Management Ltd Limited Liability Company Tn last reported 0.05% of its portfolio in the stock. Winfield Associate Incorporated holds 0% or 30 shares in its portfolio.

Insider Transactions: Since September 8, 2016, the stock had 0 insider purchases, and 2 sales for $155,344 net activity. The insider GLANTON RICHARD H sold $145,080.

Aqua America Inc (NYSE:WTR) Ratings Coverage

Out of 6 analysts covering Aqua America Inc. (NYSE:WTR), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Aqua America Inc. has been the topic of 11 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Argus Research maintained it with “Buy” rating and $34.0 target price in Tuesday, January 26 report. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, September 6. The firm has “Underperform” rating by Hilliard Lyons given on Monday, December 21. The stock of Aqua America Inc (NYSE:WTR) earned “Neutral” rating by Ladenburg Thalmann on Thursday, January 7. The stock of Aqua America Inc (NYSE:WTR) has “Hold” rating given on Thursday, July 23 by Hilliard Lyons. The rating was initiated by Robert W. Baird with “Neutral” on Friday, October 14. The stock of Aqua America Inc (NYSE:WTR) has “Buy” rating given on Tuesday, October 13 by Ladenburg Thalmann. The company was maintained on Friday, March 18 by Barclays Capital. Argus Research maintained Aqua America Inc (NYSE:WTR) on Monday, March 21 with “Buy” rating.

WTR Company Profile

Aqua America, Inc. (Aqua America), incorporated on November 14, 1968, 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. The Firm is the holding firm for its primary subsidiary, Aqua Pennsylvania, Inc. The Company’s market activities are conducted through Aqua Resources Inc. and Aqua Infrastructure, LLC. Aqua Resources Inc. provides water and wastewater service through operating and maintenance contracts with municipal authorities and other parties in close proximity to its utility companies’ service territories; offers, through a third party, water and wastewater line repair service and protection solutions to households; inspects, cleans and repairs storm and sanitary wastewater lines; installs and tests devices that manage the contamination of potable water; creates and manufactures water and wastewater systems, and provides other market water and wastewater services. The Company’s non-regulated subsidiary, Aqua Infrastructure LLC, provides non-utility raw water supply services for firms in the natural gas drilling industry.

More notable recent Aqua America Inc (NYSE:WTR) news were published by: Forbes.com which released: “Aqua America Stock Getting Very Oversold” on October 06, 2016, also Fool.com with their article: “Acquisitions Continue to Drive Growth at Aqua America Inc” published on February 24, 2016, Forbes.com published: “Aqua America (WTR) Shares Enter Oversold Territory” on August 11, 2016. More interesting news about Aqua America Inc (NYSE:WTR) were released by: Nasdaq.com and their article: “Aqua America, Inc. (WTR) Ex-Dividend Date Scheduled for November 14, 2016” published on November 11, 2016 as well as Businesswire.com‘s news article titled: “Aqua America Promotes Szczygiel to Vice President, Finance and Treasurer” with publication date: August 05, 2016.

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By Linda Rogers


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