KBC Group NV Raises Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS)

KBC Group NV grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 48.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 776,347 shares of the utilities provider’s stock after purchasing an additional 253,901 shares during the quarter. KBC Group NV owned approximately 0.11% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $8,120,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SBS. Raymond James Trust N.A. boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.9% in the 2nd quarter. Raymond James Trust N.A. now owns 10,474 shares of the utilities provider’s stock valued at $100,000 after purchasing an additional 91 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter valued at approximately $117,000. Virtu KCG Holdings LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter valued at approximately $119,000. Institute for Wealth Management LLC. purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter valued at approximately $140,000. Finally, ETRADE Capital Management LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.6% in the 2nd quarter. ETRADE Capital Management LLC now owns 17,462 shares of the utilities provider’s stock valued at $166,000 after purchasing an additional 440 shares in the last quarter. 15.97% of the stock is currently owned by institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE SBS) traded up $0.28 during mid-day trading on Tuesday, hitting $10.26. 1,354,100 shares of the stock were exchanged, compared to its average volume of 1,840,180. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $7.82 and a 52 week high of $11.33. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.10. The firm has a market cap of $6,980.00, a P/E ratio of 7.68 and a beta of 1.85.

A number of equities research analysts have weighed in on the company. lowered 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. Scotiabank raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from an “underperform” rating to a “sector perform” rating in a report on Monday, October 9th. Zacks Investment Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “sell” rating in a report on Thursday, November 23rd. Citigroup lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a report on Monday, August 14th. Finally, J P Morgan Chase & Co upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to an “overweight” rating in a research report on Monday, November 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold”.

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

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

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