CoreCommodity Management LLC Has $1.46 Million Stake in Companhia de Saneamento Bsc DEDSP (SBS)

CoreCommodity Management LLC cut its stake in shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 18.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 181,023 shares of the utilities provider’s stock after selling 40,183 shares during the period. Companhia de Saneamento Bsc DEDSP comprises approximately 1.2% of CoreCommodity Management LLC’s portfolio, making the stock its 25th largest holding. CoreCommodity Management LLC’s holdings in Companhia de Saneamento Bsc DEDSP were worth $1,461,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP grew its position in Companhia de Saneamento Bsc DEDSP by 37.9% during the third quarter. First Trust Advisors LP now owns 740,145 shares of the utilities provider’s stock valued at $4,367,000 after buying an additional 203,335 shares during the period. Russell Investments Group Ltd. grew its position in Companhia de Saneamento Bsc DEDSP by 49.8% during the third quarter. Russell Investments Group Ltd. now owns 281,423 shares of the utilities provider’s stock valued at $1,660,000 after buying an additional 93,600 shares during the period. Wells Fargo & Company MN boosted its position in shares of Companhia de Saneamento Bsc DEDSP 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 purchasing an additional 16,691 shares during the period. Commonwealth Bank of Australia boosted its position in shares of Companhia de Saneamento Bsc DEDSP by 15.1% in the third quarter. Commonwealth Bank of Australia now owns 228,663 shares of the utilities provider’s stock worth $1,347,000 after purchasing an additional 30,000 shares during the period. Finally, Letko Brosseau & Associates Inc. boosted its position in shares of Companhia de Saneamento Bsc DEDSP 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 purchasing an additional 416,925 shares during the period. 14.58% of the stock is owned by institutional investors and hedge funds.

A number of research firms have weighed in on SBS. Zacks Investment Research upgraded shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. ValuEngine lowered shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research report on Tuesday, February 12th. HSBC downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Citigroup downgraded shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 16th. Finally, Janney Montgomery Scott downgraded shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a research note on Thursday, January 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Companhia de Saneamento Bsc DEDSP has an average rating of “Hold”.

SBS stock opened at $11.16 on Friday. The stock has a market capitalization of $7.63 billion, a P/E ratio of 9.62 and a beta of 0.93. Companhia de Saneamento Bsc DEDSP has a 12 month low of $5.58 and a 12 month high of $12.25. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62.

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Companhia de Saneamento Bsc DEDSP Company 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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Want to see what other hedge funds are holding SBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Companhia de Saneamento Bsc DEDSP (NYSE:SBS).

Institutional Ownership by Quarter for Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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