M&R Capital Management Inc. Has $186,000 Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS)

M&R Capital Management Inc. cut its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 95.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,830 shares of the utilities provider’s stock after selling 369,559 shares during the period. M&R Capital Management Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Numeric Investors LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 747.6% during the second quarter. Numeric Investors LLC now owns 3,416,777 shares of the utilities provider’s stock worth $32,528,000 after acquiring an additional 3,013,677 shares during the period. Schroder Investment Management Group raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3,697.2% during the second quarter. Schroder Investment Management Group now owns 2,054,300 shares of the utilities provider’s stock worth $19,207,000 after acquiring an additional 2,000,200 shares during the period. Morgan Stanley raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1,643.2% during the first quarter. Morgan Stanley now owns 2,012,329 shares of the utilities provider’s stock worth $20,948,000 after acquiring an additional 1,896,888 shares during the period. Causeway Capital Management LLC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth $18,286,000. Finally, Nordea Investment Management AB raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 57.4% during the second quarter. Nordea Investment Management AB now owns 3,005,216 shares of the utilities provider’s stock worth $28,610,000 after acquiring an additional 1,095,638 shares during the period. Institutional investors own 15.86% of the company’s stock.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) traded down 0.330% during midday trading on Wednesday, reaching $10.575. 396,510 shares of the company’s stock traded hands. The company has a 50 day moving average of $10.47 and a 200 day moving average of $10.02. The firm has a market cap of $7.23 billion, a PE ratio of 8.011 and a beta of 1.81. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $7.76 and a 52-week high of $11.33.

SBS has been the topic of a number of research analyst reports. Janney Montgomery Scott upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “buy” rating in a report on Wednesday, August 16th. ValuEngine lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. BidaskClub lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, HSBC Holdings plc lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus rating of “Hold”.

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Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp 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.

Institutional Ownership by Quarter for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

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