SG Americas Securities LLC decreased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 49.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 140,839 shares of the utilities provider’s stock after selling 140,459 shares during the period. SG Americas Securities LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $1,341,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SBS. Sei Investments Co. boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 96.8% in the first quarter. Sei Investments Co. now owns 187,833 shares of the utilities provider’s stock valued at $1,955,000 after buying an additional 92,374 shares in the last quarter. Karp Capital Management Corp bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter valued at about $3,199,000. World Asset Management Inc boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.2% in the first quarter. World Asset Management Inc now owns 42,516 shares of the utilities provider’s stock valued at $443,000 after buying an additional 499 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 860,605 shares of the utilities provider’s stock valued at $8,959,000 after buying an additional 44,468 shares in the last quarter. Finally, Comerica Bank boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.4% in the first quarter. Comerica Bank now owns 41,064 shares of the utilities provider’s stock valued at $377,000 after buying an additional 565 shares in the last quarter. Institutional investors and hedge funds own 15.86% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) opened at 10.07 on Thursday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $7.76 and a 1-year high of $11.33. The firm’s 50-day moving average is $10.42 and its 200 day moving average is $10.00. The company has a market cap of $6.88 billion, a PE ratio of 8.65 and a beta of 1.77.

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Several research firms have issued reports on SBS. BidaskClub cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Tuesday, July 18th. HSBC Holdings plc cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Citigroup Inc. cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.00.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

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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Institutional Ownership by Quarter for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

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