Russell Investments Group Ltd. raised its position in shares of Companhia de Saneamento Basico (NYSE:SBS) by 49.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 281,423 shares of the utilities provider’s stock after purchasing an additional 93,600 shares during the quarter. Russell Investments Group Ltd.’s holdings in Companhia de Saneamento Basico were worth $1,660,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Tortoise Index Solutions LLC purchased a new stake in Companhia de Saneamento Basico during the 2nd quarter valued at about $100,000. Segall Bryant & Hamill LLC acquired a new position in Companhia de Saneamento Basico in the 2nd quarter worth about $174,000. Commerzbank Aktiengesellschaft FI raised its holdings in Companhia de Saneamento Basico by 145.2% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 43,922 shares of the utilities provider’s stock worth $264,000 after purchasing an additional 26,011 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Companhia de Saneamento Basico in the 2nd quarter worth about $268,000. Finally, Pinebridge Investments L.P. raised its holdings in Companhia de Saneamento Basico by 26.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 51,993 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 10,770 shares during the period. Institutional investors and hedge funds own 15.01% of the company’s stock.
A number of equities analysts recently weighed in on SBS shares. Janney Montgomery Scott raised Companhia de Saneamento Basico from a “neutral” rating to a “buy” rating in a report on Monday, November 12th. Zacks Investment Research raised Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 16th. ValuEngine raised Companhia de Saneamento Basico from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, UBS Group raised Companhia de Saneamento Basico from a “neutral” rating to an “outperform” rating in a report on Monday, October 29th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold”.
Shares of Companhia de Saneamento Basico stock opened at $7.30 on Thursday. Companhia de Saneamento Basico has a 12 month low of $5.58 and a 12 month high of $11.96. The company has a market cap of $4.99 billion, a price-to-earnings ratio of 6.29 and a beta of 0.97. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.62.
Companhia de Saneamento Basico (NYSE:SBS) last announced its earnings results on Thursday, November 8th. The utilities provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). Companhia de Saneamento Basico had a net margin of 12.86% and a return on equity of 10.75%. The firm had revenue of $967.47 million for the quarter, compared to analyst estimates of $1.07 billion. As a group, equities research analysts anticipate that Companhia de Saneamento Basico will post 0.81 EPS for the current fiscal 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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