Royal Bank of Canada decreased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 3.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,211 shares of the utilities provider’s stock after selling 2,101 shares during the quarter. Royal Bank of Canada’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $527,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SBS. Raymond James Trust N.A. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.9% in the second quarter. Raymond James Trust N.A. now owns 10,474 shares of the utilities provider’s stock worth $100,000 after buying an additional 91 shares during the last quarter. Ameriprise Financial Inc. purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth about $117,000. Virtu KCG Holdings LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth about $119,000. James Investment Research Inc. purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth about $124,000. Finally, Institute for Wealth Management LLC. purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth about $140,000. Hedge funds and other institutional investors own 15.54% of the company’s stock.

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Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) opened at $8.90 on Monday. The stock has a market capitalization of $6,083.24, a P/E ratio of 7.81 and a beta of 1.83. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.63. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $7.75 and a 1 year high of $11.33.

SBS has been the topic of a number of recent research reports. UBS AG downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. ValuEngine upgraded 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. Scotiabank upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from an “underperform” rating to a “sector perform” rating in a research note on Monday, October 9th. Citigroup Inc. downgraded 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. Finally, Janney Montgomery Scott upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “buy” rating in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold”.

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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