Letko Brosseau & Associates Inc. grew its holdings in Companhia de Saneamento Basico (NYSE:SBS) by 11.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,183,086 shares of the utilities provider’s stock after acquiring an additional 416,925 shares during the quarter. Letko Brosseau & Associates Inc. owned 0.61% of Companhia de Saneamento Basico worth $24,680,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in SBS. Bank of Montreal Can lifted its holdings in shares of Companhia de Saneamento Basico by 33.1% during the 2nd quarter. Bank of Montreal Can now owns 186,210 shares of the utilities provider’s stock valued at $1,119,000 after buying an additional 46,354 shares during the last quarter. Thomas White International Ltd. raised its stake in shares of Companhia de Saneamento Basico by 7.2% in the 2nd quarter. Thomas White International Ltd. now owns 148,601 shares of the utilities provider’s stock valued at $893,000 after acquiring an additional 9,970 shares in the last quarter. First Manhattan Co. bought a new position in shares of Companhia de Saneamento Basico in the 2nd quarter valued at approximately $1,605,000. First Trust Advisors LP raised its stake in shares of Companhia de Saneamento Basico by 2.5% in the 2nd quarter. First Trust Advisors LP now owns 536,810 shares of the utilities provider’s stock valued at $3,226,000 after acquiring an additional 13,203 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Companhia de Saneamento Basico by 61.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 59,927 shares of the utilities provider’s stock valued at $360,000 after acquiring an additional 22,780 shares in the last quarter. Institutional investors own 13.99% of the company’s stock.

Shares of SBS stock opened at $7.45 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $5.09 billion, a P/E ratio of 6.42 and a beta of 0.97. Companhia de Saneamento Basico has a one year low of $5.58 and a one year high of $11.96.

Several research analysts have commented on the company. UBS Group raised Companhia de Saneamento Basico from a “neutral” rating to an “outperform” rating in a research report on Monday, October 29th. ValuEngine raised Companhia de Saneamento Basico from a “strong sell” rating to a “sell” rating in a research report on Monday, October 22nd. Janney Montgomery Scott raised Companhia de Saneamento Basico from a “neutral” rating to a “buy” rating in a research report on Monday, November 12th. Finally, Zacks Investment Research upgraded Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold”.

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Companhia de Saneamento Basico Profile

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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

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