Companhia de Saneamento Basico (SBS) Holdings Cut by Schroder Investment Management Group

Schroder Investment Management Group decreased its stake in shares of Companhia de Saneamento Basico (NYSE:SBS) by 15.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,051,201 shares of the utilities provider’s stock after selling 372,541 shares during the quarter. Schroder Investment Management Group’s holdings in Companhia de Saneamento Basico were worth $12,102,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SBS. Letko Brosseau & Associates Inc. increased its stake in shares of Companhia de Saneamento Basico by 11.1% in the third quarter. Letko Brosseau & Associates Inc. now owns 4,183,086 shares of the utilities provider’s stock worth $24,680,000 after acquiring an additional 416,925 shares during the period. Northern Trust Corp increased its stake in shares of Companhia de Saneamento Basico by 5.4% in the second quarter. Northern Trust Corp now owns 1,573,009 shares of the utilities provider’s stock worth $9,454,000 after acquiring an additional 80,947 shares during the period. Wells Fargo & Company MN increased its stake in shares of Companhia de Saneamento Basico by 2.0% in the third quarter. Wells Fargo & Company MN now owns 863,987 shares of the utilities provider’s stock worth $5,098,000 after acquiring an additional 16,691 shares during the period. Millennium Management LLC increased its stake in shares of Companhia de Saneamento Basico by 120.9% in the second quarter. Millennium Management LLC now owns 770,504 shares of the utilities provider’s stock worth $4,631,000 after acquiring an additional 421,638 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Companhia de Saneamento Basico by 37.9% in the third quarter. First Trust Advisors LP now owns 740,145 shares of the utilities provider’s stock worth $4,367,000 after acquiring an additional 203,335 shares during the period. Institutional investors and hedge funds own 15.01% of the company’s stock.

A number of analysts have recently weighed in on SBS shares. ValuEngine lowered shares of Companhia de Saneamento Basico from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 8th. Janney Montgomery Scott upgraded shares of Companhia de Saneamento Basico from a “neutral” rating to a “buy” rating in a research note on Monday, November 12th. Zacks Investment Research upgraded shares of Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, UBS Group upgraded shares of Companhia de Saneamento Basico from a “neutral” rating to an “outperform” rating in a research note on Monday, October 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold”.

Shares of NYSE SBS opened at $7.35 on Tuesday. Companhia de Saneamento Basico has a 1 year low of $5.58 and a 1 year high of $11.96. The firm has a market cap of $4.94 billion, a P/E ratio of 6.34 and a beta of 0.97. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62.

Companhia de Saneamento Basico (NYSE:SBS) last announced its quarterly earnings results on Thursday, November 8th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.05). Companhia de Saneamento Basico had a return on equity of 10.75% and a net margin of 12.86%. The firm had revenue of $967.47 million for the quarter, compared to analysts’ expectations of $1.07 billion. On average, research analysts anticipate that Companhia de Saneamento Basico will post 0.81 EPS for the current year.

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About Companhia de Saneamento Basico

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 Basico (NYSE:SBS)

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