Is there a Bearish outlook for Artesian Resources Corporation (NASDAQ:ARTNA) this week?

July 18, 2017 - By Louis Casey

 Is there a Bearish outlook for Artesian Resources Corporation (NASDAQ:ARTNA) this week?
Investors sentiment increased to 1.32 in 2016 Q4. Its up 0.11, from 1.21 in 2016Q3. It improved, as 3 investors sold Artesian Resources Corporation shares while 22 reduced holdings. 5 funds opened positions while 28 raised stakes. 3.25 million shares or 2.12% less from 3.32 million shares in 2016Q3 were reported.
Guardian Trust holds 0% in Artesian Resources Corporation (NASDAQ:ARTNA) or 5,000 shares. Florida-based Raymond James Advisors has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Ironsides Asset Advisors Llc invested 0.09% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Teton Advisors Inc holds 24,226 shares. Tiaa Cref Invest Limited Liability Corp holds 23,778 shares. Cornerstone Cap Lc owns 11,680 shares. Janney Montgomery Scott Ltd reported 0.01% in Artesian Resources Corporation (NASDAQ:ARTNA). Strs Ohio owns 8,500 shares. California Pub Employees Retirement Systems owns 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 16,400 shares. 20,524 are held by Gsa Cap Prtnrs Ltd Liability Partnership. Philadelphia holds 0.08% in Artesian Resources Corporation (NASDAQ:ARTNA) or 32,700 shares. Nationwide Fund Advsrs holds 8,357 shares. Jpmorgan Chase & invested in 26,478 shares or 0% of the stock. State Street Corp owns 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 174,038 shares. New York State Common Retirement Fund holds 0% or 31,400 shares in its portfolio.

Since March 13, 2017, it had 0 insider buys, and 6 selling transactions for $1.05 million activity. BIEDERMAN KENNETH R also sold $36,000 worth of Artesian Resources Corporation (NASDAQ:ARTNA) shares. On Tuesday, March 21 TAYLOR DIAN C sold $223,400 worth of Artesian Resources Corporation (NASDAQ:ARTNA) or 6,750 shares. EISENBREY JOHN R JR had sold 13,500 shares worth $547,987.

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. Hilliard Lyons upgraded the stock to “Neutral” rating in Friday, November 6 report. The rating was downgraded by Robert W. Baird on Wednesday, March 2 to “Neutral”. The rating was upgraded by Zacks to “Hold” on Friday, August 7. Hilliard Lyons downgraded the shares of ARTNA in report on Wednesday, October 21 to “Underperform” rating. Below is a list of Artesian Resources Corporation (NASDAQ:ARTNA) latest ratings and price target changes.

The stock decreased 0.43% or $0.16 during the last trading session, reaching $37. About shares traded. Artesian Resources Corporation (NASDAQ:ARTNA) has risen 34.39% since July 18, 2016 and is uptrending. It has outperformed by 17.69% the S&P500.

Artesian Resources Corporation is a holding company. The company has market cap of $339.37 million. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. It has a 25.7 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.

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 participates for the 15th Consecutive Year in …” published on June 07, 2017, Nasdaq.com published: “Artesian Resources’ Subsidiary Acquires Cantwell Water Assets” on June 30, 2017. More interesting news about Artesian Resources Corporation (NASDAQ:ARTNA) were released by: Nasdaq.com and their article: “Artesian Resources Corporation announces a 1.5% increase in Common Stock Dividend” published on May 04, 2017 as well as Nasdaq.com‘s news article titled: “Artesian Water Company broadens water regionalization in Southern New Castle …” with publication date: June 26, 2017.

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