Bank of New York Mellon Corp cut its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,504 shares of the utilities provider’s stock after selling 2,350 shares during the period. Bank of New York Mellon Corp’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of SBS. Norges Bank acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter worth approximately $3,797,000. Acadian Asset Management LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 13.8% in the first quarter. Acadian Asset Management LLC now owns 1,992,147 shares of the utilities provider’s stock worth $20,737,000 after buying an additional 240,932 shares in the last quarter. Bank of Montreal Can increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 45.1% in the first quarter. Bank of Montreal Can now owns 315,640 shares of the utilities provider’s stock worth $3,285,000 after buying an additional 98,081 shares in the last quarter. Deltec Asset Management LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 37.1% in the first quarter. Deltec Asset Management LLC now owns 165,950 shares of the utilities provider’s stock worth $1,728,000 after buying an additional 44,950 shares in the last quarter. Finally, HPM Partners LLC acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth approximately $312,000. 15.00% of the stock is owned by hedge funds and other institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE SBS) opened at 10.55 on Wednesday. The firm’s 50-day moving average price is $10.20 and its 200-day moving average price is $10.01. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $7.76 and a 12-month high of $11.33. The company has a market cap of $7.21 billion, a P/E ratio of 7.54 and a beta of 1.77.

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SBS has been the subject of a number of analyst reports. Citigroup Inc. downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a report on Thursday, April 20th. BidaskClub raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Friday, May 19th. 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. Finally, HSBC Holdings plc downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a strong buy rating to the company’s stock. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has a consensus rating of “Hold” and an average target price 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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