Renaissance Technologies LLC boosted its holdings in shares of Companhia de Saneamento Basico (NYSE:SBS) by 15.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,116,800 shares of the utilities provider’s stock after purchasing an additional 547,479 shares during the period. Renaissance Technologies LLC owned about 0.60% of Companhia de Saneamento Basico worth $43,021,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Windacre Partnership LLC lifted its stake in Companhia de Saneamento Basico by 36.1% during the third quarter. Windacre Partnership LLC now owns 12,509,300 shares of the utilities provider’s stock worth $130,847,000 after purchasing an additional 3,321,300 shares during the period. Impax Asset Management LTD lifted its stake in Companhia de Saneamento Basico by 19.0% during the fourth quarter. Impax Asset Management LTD now owns 10,524,302 shares of the utilities provider’s stock worth $109,979,000 after purchasing an additional 1,679,559 shares during the period. Schroder Investment Management Group lifted its stake in Companhia de Saneamento Basico by 40.9% during the fourth quarter. Schroder Investment Management Group now owns 3,094,996 shares of the utilities provider’s stock worth $32,343,000 after purchasing an additional 898,970 shares during the period. King Street Capital Management L.P. bought a new position in Companhia de Saneamento Basico during the third quarter worth about $31,380,000. Finally, State Street Corp lifted its stake in Companhia de Saneamento Basico by 2.6% during the second quarter. State Street Corp now owns 1,470,063 shares of the utilities provider’s stock worth $13,993,000 after purchasing an additional 36,682 shares during the period. Hedge funds and other institutional investors own 16.19% of the company’s stock.
Shares of NYSE:SBS traded down $0.24 during trading on Friday, reaching $10.04. The stock had a trading volume of 1,374,624 shares, compared to its average volume of 2,054,531. Companhia de Saneamento Basico has a 52 week low of $8.15 and a 52 week high of $11.96. The company has a current ratio of 1.10, a quick ratio of 1.07 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $6,862.44, a P/E ratio of 8.66 and a beta of 1.79.
The company also recently announced a special dividend, which will be paid on Friday, July 6th. Stockholders of record on Tuesday, May 1st will be paid a $0.3115 dividend. The ex-dividend date is Monday, April 30th. Companhia de Saneamento Basico’s dividend payout ratio (DPR) is currently 25.00%.
SBS has been the subject of a number of research analyst reports. Zacks Investment Research cut shares of Companhia de Saneamento Basico from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Janney Montgomery Scott cut shares of Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a research note on Monday, March 12th. ValuEngine upgraded shares of Companhia de Saneamento Basico from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 28th. Finally, JPMorgan Chase cut shares of Companhia de Saneamento Basico from an “overweight” rating to a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold”.
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About Companhia de Saneamento Basico
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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