Companhia de Saneamento Bsc DEDSP (NYSE:SBS) was down 8.3% during trading on Monday . The company traded as low as $10.07 and last traded at $10.21. Approximately 5,912,117 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 3,317,558 shares. The stock had previously closed at $11.14.
A number of equities research analysts have commented on SBS shares. ValuEngine upgraded Companhia de Saneamento Bsc DEDSP from a “hold” rating to a “buy” rating in a research note on Saturday, January 5th. Janney Montgomery Scott lowered Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a report on Thursday, January 3rd. Citigroup lowered Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a report on Wednesday, January 16th. UBS Group raised Companhia de Saneamento Bsc DEDSP from a “neutral” rating to an “outperform” rating in a report on Monday, October 29th. Finally, HSBC lowered Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a report on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold”.
The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.62. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 8.80 and a beta of 0.97.
Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last announced its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). The firm had revenue of $967.47 million during the quarter, compared to analyst estimates of $1.07 billion. Companhia de Saneamento Bsc DEDSP had a net margin of 12.86% and a return on equity of 10.75%. Research analysts anticipate that Companhia de Saneamento Bsc DEDSP will post 0.77 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in SBS. Nordea Investment Management AB acquired a new position in shares of Companhia de Saneamento Bsc DEDSP in the third quarter valued at about $36,511,000. Windacre Partnership LLC increased its holdings in shares of Companhia de Saneamento Bsc DEDSP by 4.9% in the third quarter. Windacre Partnership LLC now owns 15,739,000 shares of the utilities provider’s stock valued at $92,860,000 after purchasing an additional 731,300 shares during the period. Newfoundland Capital Management acquired a new stake in Companhia de Saneamento Bsc DEDSP during the third quarter worth about $2,949,000. Bank of Montreal Can grew its holdings in Companhia de Saneamento Bsc DEDSP by 245.5% during the third quarter. Bank of Montreal Can now owns 643,321 shares of the utilities provider’s stock worth $3,795,000 after acquiring an additional 457,111 shares during the period. Finally, Millennium Management LLC grew its holdings in Companhia de Saneamento Bsc DEDSP by 120.9% during the second quarter. Millennium Management LLC now owns 770,504 shares of the utilities provider’s stock worth $4,631,000 after acquiring an additional 421,638 shares during the period. 14.89% of the stock is currently owned by institutional investors and hedge funds.
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About Companhia de Saneamento Bsc DEDSP (NYSE:SBS)
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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