What’s in Artesian Resources Corporation (ARTNA) After Making All-Time High?

October 13, 2017 - By Adrian Mccoy

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.
Bessemer Gru reported 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Millennium Management Ltd Liability invested in 13,129 shares or 0% of the stock. Ameritas Inv Prns holds 490 shares or 0% of its portfolio. Ipswich Company reported 19,315 shares. Northern Trust stated it has 114,661 shares or 0% of all its holdings. Manchester Cap Mngmt Ltd Liability Co accumulated 21,109 shares. Alliancebernstein Limited Partnership owns 5,700 shares. Roffman Miller Assoc Pa reported 0.39% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Us Bancorp De has 274 shares for 0% of their portfolio. State Board Of Administration Of Florida Retirement Systems reported 8,917 shares stake. California State Teachers Retirement Sys invested 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Morgan Stanley holds 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA) for 108,667 shares. Nationwide Fund Advsr owns 8,200 shares. Goldman Sachs Group accumulated 0% or 5,836 shares. Pnc Svcs Group has 7,671 shares for 0% of their portfolio.

Since May 10, 2017, it had 0 insider purchases, and 3 selling transactions for $668,775 activity. 1,000 shares were sold by BIEDERMAN KENNETH R, worth $36,000 on Wednesday, May 10. Another trade for 13,500 shares valued at $547,987 was sold by EISENBREY JOHN R JR. The insider WYER WILLIAM C sold $84,788.

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. Robert W. Baird downgraded Artesian Resources Corporation (NASDAQ:ARTNA) on Wednesday, March 2 to “Neutral” rating. The stock of Artesian Resources Corporation (NASDAQ:ARTNA) has “Underperform” rating given on Wednesday, October 21 by Hilliard Lyons. The firm has “Hold” rating by Zacks given on Friday, August 7. The stock has “Neutral” rating by Hilliard Lyons on Friday, November 6.

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 Water Company, Inc. Enters Into Agreement to purchase water assets of …” published on February 28, 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 Resources Corporation announces support for Infrastructure Week” published on May 16, 2017 as well as Globenewswire.com‘s news article titled: “Artesian Resources Corporation Reports First Quarter 2017 Results” with publication date: May 03, 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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