VPR Management LLC Increases Stock Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

VPR Management LLC raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 400.4% in the second quarter, HoldingsChannel reports. The firm owned 147,885 shares of the utilities provider’s stock after buying an additional 118,334 shares during the quarter. VPR Management LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $855,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SBS. HB Wealth Management LLC bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 2nd quarter worth approximately $143,000. Plan A Wealth LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth approximately $68,000. Raiffeisen Bank International AG grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 622.2% during the second quarter. Raiffeisen Bank International AG now owns 650,000 shares of the utilities provider’s stock valued at $3,776,000 after buying an additional 560,000 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter valued at approximately $79,000. Finally, Greenspring Advisors LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter valued at approximately $74,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Performance

Shares of NYSE SBS opened at $5.17 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $18.19 billion, a P/E ratio of 14.50, a P/E/G ratio of 4.14 and a beta of 0.67. The firm’s fifty day moving average is $5.34 and its two-hundred day moving average is $60.69. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $4.43 and a 52-week high of $7.16.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.02). The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.23 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 23.93% and a return on equity of 14.03%. As a group, analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on SBS shares. Weiss Ratings downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

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

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.