Schonfeld Strategic Advisors LLC Sells 10,366 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Schonfeld Strategic Advisors LLC lessened its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 41.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 14,600 shares of the utilities provider’s stock after selling 10,366 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $121,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FMR LLC grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.5% during the second quarter. FMR LLC now owns 6,101,450 shares of the utilities provider’s stock worth $64,126,000 after buying an additional 1,240,006 shares during the last quarter. BlackRock Inc. raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.2% during the third quarter. BlackRock Inc. now owns 3,626,901 shares of the utilities provider’s stock worth $30,104,000 after acquiring an additional 145,163 shares during the last quarter. Letko Brosseau & Associates Inc. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 11.5% in the third quarter. Letko Brosseau & Associates Inc. now owns 3,072,775 shares of the utilities provider’s stock worth $25,504,000 after purchasing an additional 316,475 shares in the last quarter. Bank of America Corp DE increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 200.5% in the second quarter. Bank of America Corp DE now owns 2,006,665 shares of the utilities provider’s stock worth $21,089,000 after purchasing an additional 1,338,910 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 835.5% in the second quarter. Itau Unibanco Holding S.A. now owns 1,662,622 shares of the utilities provider’s stock valued at $17,474,000 after acquiring an additional 1,484,888 shares during the period. 11.51% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SBS opened at $8.59 on Friday. The firm has a market cap of $5.87 billion, a PE ratio of 9.87 and a beta of 0.92. The stock’s fifty day moving average price is $8.62 and its two-hundred day moving average price is $9.33. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.90 and a quick ratio of 0.88. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $5.54 and a 1 year high of $15.40.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its earnings results on Thursday, November 12th. The utilities provider reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $825.90 million for the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 20.46% and a net margin of 13.97%.

A number of brokerages recently commented on SBS. Smith Barney Citigroup began coverage on Companhia de Saneamento Básico do Estado de São Paulo – SABESP in a report on Tuesday, December 1st. They set a “buy” rating on the stock. Scotiabank began coverage on Companhia de Saneamento Básico do Estado de São Paulo – SABESP in a report on Monday, December 21st. They set a “sector perform” rating on the stock. BidaskClub lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “sell” rating in a report on Friday, December 18th. TheStreet lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “b-” rating to a “c+” rating in a report on Monday, October 26th. Finally, ValuEngine upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “sell” rating to a “hold” rating in a report on Monday, December 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold”.

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

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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