Institute for Wealth Management LLC. purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 14,650 shares of the utilities provider’s stock, valued at approximately $140,000.

A number of other institutional investors have also recently added to or reduced their stakes in SBS. Raymond James Trust N.A. grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.9% in the 2nd quarter. Raymond James Trust N.A. now owns 10,474 shares of the utilities provider’s stock worth $100,000 after purchasing an additional 91 shares in the last quarter. Global X Management Co. LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.9% in the 1st quarter. Global X Management Co. LLC now owns 12,528 shares of the utilities provider’s stock valued at $130,000 after buying an additional 237 shares during the last quarter. ETRADE Capital Management LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.6% in the 2nd quarter. ETRADE Capital Management LLC now owns 17,462 shares of the utilities provider’s stock valued at $166,000 after buying an additional 440 shares during the last quarter. Comerica Bank increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.4% in the 1st quarter. Comerica Bank now owns 41,064 shares of the utilities provider’s stock valued at $377,000 after buying an additional 565 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.7% in the 1st quarter. Alliancebernstein L.P. now owns 158,238 shares of the utilities provider’s stock valued at $1,647,000 after buying an additional 1,062 shares during the last quarter. Institutional investors and hedge funds own 15.86% of the company’s stock.

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Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) traded up 0.28% during midday trading on Wednesday, hitting $10.75. The stock had a trading volume of 140,572 shares. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 9.26 and a beta of 1.81. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $7.76 and a 52 week high of $11.33. The firm has a 50 day moving average of $10.32 and a 200 day moving average of $9.99.

Several equities analysts have commented on the stock. BidaskClub raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. ValuEngine raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. HSBC Holdings plc lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Citigroup Inc. downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a research report on Monday, August 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

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

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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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