Russell Investments Group Ltd. Buys 523,592 Shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

Russell Investments Group Ltd. grew its stake in Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 175.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 821,613 shares of the utilities provider’s stock after buying an additional 523,592 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Companhia de Saneamento Bsc DEDSP worth $9,924,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Creative Planning lifted its stake in Companhia de Saneamento Bsc DEDSP by 10.8% in the 1st quarter. Creative Planning now owns 11,192 shares of the utilities provider’s stock valued at $118,000 after purchasing an additional 1,091 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Companhia de Saneamento Bsc DEDSP by 31.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,280 shares of the utilities provider’s stock valued at $141,000 after buying an additional 3,200 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Companhia de Saneamento Bsc DEDSP by 105.5% in the first quarter. New York State Common Retirement Fund now owns 99,440 shares of the utilities provider’s stock valued at $1,052,000 after buying an additional 51,040 shares during the last quarter. US Bancorp DE boosted its stake in shares of Companhia de Saneamento Bsc DEDSP by 388.0% during the 1st quarter. US Bancorp DE now owns 390,443 shares of the utilities provider’s stock worth $4,131,000 after acquiring an additional 310,431 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in shares of Companhia de Saneamento Bsc DEDSP by 30.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 950,163 shares of the utilities provider’s stock worth $10,023,000 after acquiring an additional 222,232 shares during the period. 14.32% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on SBS shares. Zacks Investment Research downgraded Companhia de Saneamento Bsc DEDSP from a “strong-buy” rating to a “sell” rating and set a $13.00 price target for the company. in a report on Tuesday, June 18th. ValuEngine downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $13.00.



Companhia de Saneamento Bsc DEDSP stock traded down $0.06 during trading hours on Tuesday, hitting $11.87. The company had a trading volume of 24,371 shares, compared to its average volume of 1,368,840. The firm has a 50-day moving average of $13.29 and a 200 day moving average of $11.84. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.01 and a quick ratio of 1.00. The firm has a market cap of $8.64 billion, a PE ratio of 10.89 and a beta of 0.97. Companhia de Saneamento Bsc DEDSP has a one year low of $5.58 and a one year high of $14.60.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last posted its earnings results on Wednesday, August 21st. The utilities provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.08). The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $968.59 million. Companhia de Saneamento Bsc DEDSP had a net margin of 19.22% and a return on equity of 16.02%. As a group, research analysts expect that Companhia de Saneamento Bsc DEDSP will post 0.94 earnings per share for the current year.

Companhia de Saneamento Bsc DEDSP Profile

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. 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 Bsc DEDSP (NYSE:SBS)

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