Cubist Systematic Strategies LLC reduced its stake in shares of Companhia de Saneamento Basico (NYSE:SBS) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,792 shares of the utilities provider’s stock after selling 6,853 shares during the period. Cubist Systematic Strategies LLC’s holdings in Companhia de Saneamento Basico were worth $249,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Lenox Wealth Management Inc. grew its stake in shares of Companhia de Saneamento Basico by 34.7% during the 3rd quarter. Lenox Wealth Management Inc. now owns 55,750 shares of the utilities provider’s stock worth $583,000 after acquiring an additional 14,365 shares in the last quarter. Brookfield Asset Management Inc. grew its stake in shares of Companhia de Saneamento Basico by 40.7% during the 2nd quarter. Brookfield Asset Management Inc. now owns 6,193,655 shares of the utilities provider’s stock worth $58,964,000 after acquiring an additional 1,791,635 shares in the last quarter. Timber Hill LLC bought a new position in shares of Companhia de Saneamento Basico during the 3rd quarter worth approximately $378,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Companhia de Saneamento Basico by 29.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,025,540 shares of the utilities provider’s stock worth $10,727,000 after acquiring an additional 231,035 shares in the last quarter. Finally, King Street Capital Management L.P. bought a new position in shares of Companhia de Saneamento Basico during the 3rd quarter worth approximately $31,380,000. Hedge funds and other institutional investors own 15.97% of the company’s stock.

Companhia de Saneamento Basico (NYSE SBS) opened at $10.40 on Monday. Companhia de Saneamento Basico has a 52 week low of $8.15 and a 52 week high of $11.33. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 0.61. The firm has a market cap of $7,108.50, a price-to-earnings ratio of 8.00 and a beta of 1.85.

Several equities analysts have recently weighed in on the stock. 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. JPMorgan Chase & Co. raised shares of Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a research note on Monday, November 27th. HSBC raised shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. ValuEngine raised shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Finally, UBS Group cut shares of Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Companhia de Saneamento Basico currently has a consensus rating of “Hold”.

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Companhia de Saneamento Basico Company 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.

Institutional Ownership by Quarter for Companhia de Saneamento Basico (NYSE:SBS)

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