Sei Investments Co. increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) by 10.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 207,704 shares of the utilities provider’s stock after buying an additional 19,871 shares during the period. Sei Investments Co.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $1,977,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter valued at approximately $3,797,000. Bank of Montreal Can increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 45.1% in the first quarter. Bank of Montreal Can now owns 315,640 shares of the utilities provider’s stock valued at $3,285,000 after buying an additional 98,081 shares during the last quarter. Profund Advisors LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 101.1% in the first quarter. Profund Advisors LLC now owns 53,019 shares of the utilities provider’s stock valued at $552,000 after buying an additional 26,661 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 13.8% in the first quarter. Acadian Asset Management LLC now owns 1,992,147 shares of the utilities provider’s stock valued at $20,737,000 after buying an additional 240,932 shares during the last quarter. Finally, Greenleaf Trust bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the first quarter valued at approximately $109,000. 15.17% of the stock is owned by institutional investors and hedge funds.
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) opened at 9.83 on Friday. The company has a market cap of $6.66 billion, a P/E ratio of 8.37 and a beta of 1.77. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 1-year low of $7.76 and a 1-year high of $11.33. The stock’s 50 day moving average is $10.42 and its 200 day moving average is $10.00.
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Several equities analysts recently commented on SBS shares. Zacks Investment Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, May 19th. BidaskClub raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. ValuEngine raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. HSBC Holdings plc downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Citigroup Inc. downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a “neutral” rating to a “sell” rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $12.00.
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Company Profile
Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.
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