Is Buying All-time Stock Like Artesian Resources Corporation (ARTNA) a Winning Strategy?

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 is positive, 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.
5,836 were reported by Goldman Sachs Gp Inc. National Bank Of Montreal Can holds 0% in Artesian Resources Corporation (NASDAQ:ARTNA) or 6,686 shares. Arrowstreet Cap Ltd Partnership invested 0.01% in Artesian Resources Corporation (NASDAQ:ARTNA). Bessemer Grp accumulated 16,300 shares. Strs Ohio has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Wells Fargo And Mn has invested 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Pnc Serv Group stated it has 0% in Artesian Resources Corporation (NASDAQ:ARTNA). Creative Planning holds 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA) for 12,068 shares. Amer International Group Inc reported 4,871 shares or 0% of all its holdings. Bancorp Of Mellon Corporation invested in 0% or 101,186 shares. Northern Corp stated it has 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Moreover, Rhumbline Advisers has 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA). North Star Investment Mgmt, Illinois-based fund reported 26,700 shares. Invesco Ltd reported 0% of its portfolio in Artesian Resources Corporation (NASDAQ:ARTNA). Sei Com reported 41 shares or 0% of all its holdings.

Since May 10, 2017, it had 0 insider purchases, and 3 insider sales for $668,775 activity. BIEDERMAN KENNETH R sold $36,000 worth of Artesian Resources Corporation (NASDAQ:ARTNA) on Wednesday, May 10. Another trade for 13,500 shares valued at $547,987 was sold by EISENBREY JOHN R JR.

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. Hilliard Lyons upgraded the stock to “Neutral” rating in Friday, November 6 report. The firm earned “Neutral” rating on Wednesday, March 2 by Robert W. Baird. Hilliard Lyons downgraded the shares of ARTNA in report on Wednesday, October 21 to “Underperform” rating. Zacks upgraded the shares of ARTNA in report on Friday, August 7 to “Hold” rating.

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