ELCO Management Co. LLC Raises Position in Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

ELCO Management Co. LLC raised its stake in Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 56.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,947 shares of the utilities provider’s stock after purchasing an additional 7,919 shares during the quarter. ELCO Management Co. LLC’s holdings in Companhia de Saneamento Bsc DEDSP were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC increased its position in shares of Companhia de Saneamento Bsc DEDSP by 143.3% during the first quarter. Lazard Asset Management LLC now owns 1,350,562 shares of the utilities provider’s stock valued at $14,288,000 after acquiring an additional 795,553 shares during the last quarter. Great West Life Assurance Co. Can increased its position in shares of Companhia de Saneamento Bsc DEDSP by 30.5% during the first quarter. Great West Life Assurance Co. Can now owns 950,163 shares of the utilities provider’s stock valued at $10,023,000 after acquiring an additional 222,232 shares during the last quarter. Aperio Group LLC increased its position in shares of Companhia de Saneamento Bsc DEDSP by 13.0% during the second quarter. Aperio Group LLC now owns 748,682 shares of the utilities provider’s stock valued at $9,111,000 after acquiring an additional 85,911 shares during the last quarter. Norges Bank purchased a new stake in shares of Companhia de Saneamento Bsc DEDSP during the fourth quarter valued at approximately $6,025,000. Finally, Acadian Asset Management LLC increased its position in shares of Companhia de Saneamento Bsc DEDSP by 341.3% during the first quarter. Acadian Asset Management LLC now owns 734,980 shares of the utilities provider’s stock valued at $7,776,000 after acquiring an additional 568,424 shares during the last quarter. 13.56% of the stock is owned by hedge funds and other institutional investors.

NYSE:SBS traded down $0.68 during trading hours on Thursday, reaching $13.05. The stock had a trading volume of 70,356 shares, compared to its average volume of 1,596,843. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $13.51. Companhia de Saneamento Bsc DEDSP has a 12-month low of $5.58 and a 12-month high of $14.60. The firm has a market capitalization of $9.85 billion, a PE ratio of 12.09 and a beta of 0.94.

A number of analysts have issued reports on SBS shares. ValuEngine downgraded Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Companhia de Saneamento Bsc DEDSP from a “strong-buy” rating to a “sell” rating and set a $13.00 target price for the company. in a research report on Tuesday, June 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $13.00.

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

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