SG Americas Securities LLC Makes New Investment in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

SG Americas Securities LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Rating) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,355 shares of the utilities provider’s stock, valued at approximately $91,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 69.5% during the 1st quarter. Van ECK Associates Corp now owns 3,590 shares of the utilities provider’s stock worth $35,000 after purchasing an additional 1,472 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,411 shares of the utilities provider’s stock valued at $328,000 after buying an additional 1,980 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 79.0% in the 1st quarter. Captrust Financial Advisors now owns 5,068 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 2,237 shares in the last quarter. Quilter Plc raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.3% in the 1st quarter. Quilter Plc now owns 1,155,850 shares of the utilities provider’s stock valued at $11,362,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.0% in the 1st quarter. Bank of Montreal Can now owns 122,759 shares of the utilities provider’s stock valued at $1,155,000 after purchasing an additional 3,628 shares in the last quarter. 12.65% of the stock is owned by hedge funds and other institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 4.0 %

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $10.53 on Thursday. The firm’s 50 day moving average price is $10.35 and its 200-day moving average price is $9.28. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.61. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $5.88 and a 52-week high of $12.04. The company has a market cap of $7.20 billion, a P/E ratio of 15.49 and a beta of 1.04.

Analysts Set New Price Targets

SBS has been the subject of several recent research reports. TheStreet lowered shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “b” rating to a “c” rating in a report on Friday, September 9th. StockNews.com initiated coverage on shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

(Get Rating)

Companhia de Saneamento Básico do Estado de São Paulo – SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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Institutional Ownership by Quarter for Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

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