First Wilshire Securities Management Inc. Sells 17,398 Shares of Companhia de Saneamento Basico (SBS)

First Wilshire Securities Management Inc. lessened its stake in Companhia de Saneamento Basico (NYSE:SBS) by 1.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 883,977 shares of the utilities provider’s stock after selling 17,398 shares during the quarter. Companhia de Saneamento Basico accounts for approximately 2.5% of First Wilshire Securities Management Inc.’s holdings, making the stock its 9th biggest position. First Wilshire Securities Management Inc. owned approximately 0.13% of Companhia de Saneamento Basico worth $9,238,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lenox Wealth Management Inc. raised its position in Companhia de Saneamento Basico by 34.7% in the 3rd quarter. Lenox Wealth Management Inc. now owns 55,750 shares of the utilities provider’s stock worth $583,000 after buying an additional 14,365 shares during the last quarter. Lazard Asset Management LLC raised its position in Companhia de Saneamento Basico by 138.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,133,818 shares of the utilities provider’s stock worth $11,848,000 after buying an additional 657,441 shares during the last quarter. Thomas White International Ltd. raised its position in Companhia de Saneamento Basico by 5.8% in the 4th quarter. Thomas White International Ltd. now owns 123,611 shares of the utilities provider’s stock worth $1,292,000 after buying an additional 6,759 shares during the last quarter. Timber Hill LLC purchased a new position in Companhia de Saneamento Basico in the 3rd quarter worth about $378,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Companhia de Saneamento Basico by 29.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,025,540 shares of the utilities provider’s stock worth $10,727,000 after buying an additional 231,035 shares during the last quarter. 16.19% of the stock is owned by hedge funds and other institutional investors.

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SBS has been the subject of a number of recent analyst reports. ValuEngine raised Companhia de Saneamento Basico from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 28th. Janney Montgomery Scott lowered Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a research report on Monday, March 12th. Zacks Investment Research raised Companhia de Saneamento Basico from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Finally, JPMorgan Chase lowered Companhia de Saneamento Basico from an “overweight” rating to a “neutral” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold”.

Companhia de Saneamento Basico stock opened at $10.04 on Friday. The stock has a market cap of $6,930.79, a price-to-earnings ratio of 8.66 and a beta of 1.79. Companhia de Saneamento Basico has a 52-week low of $8.15 and a 52-week high of $11.96. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 0.61.

The company also recently declared a special dividend, which will be paid on Friday, July 6th. Shareholders of record on Tuesday, May 1st will be paid a dividend of $0.3115 per share. The ex-dividend date of this dividend is Monday, April 30th. Companhia de Saneamento Basico’s dividend payout ratio is currently 25.00%.

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Companhia de Saneamento Basico Company 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 (NYSE:SBS)

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