Newfoundland Capital Management purchased a new stake in Companhia de Saneamento Basico (NYSE:SBS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 499,858 shares of the utilities provider’s stock, valued at approximately $2,949,000. Companhia de Saneamento Basico accounts for 1.0% of Newfoundland Capital Management’s investment portfolio, making the stock its 12th biggest position. Newfoundland Capital Management owned 0.07% of Companhia de Saneamento Basico at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of Montreal Can increased its stake in shares of Companhia de Saneamento Basico by 33.1% in 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 period. Thomas White International Ltd. boosted its position 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 worth $893,000 after purchasing an additional 9,970 shares during the last quarter. First Manhattan Co. bought a new position in shares of Companhia de Saneamento Basico in the 2nd quarter worth $1,605,000. First Trust Advisors LP boosted its position 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 worth $3,226,000 after purchasing an additional 13,203 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position 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 worth $360,000 after purchasing an additional 22,780 shares during the last quarter. 13.99% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have weighed in on SBS shares. Janney Montgomery Scott upgraded Companhia de Saneamento Basico from a “neutral” rating to a “buy” rating in a report on Monday, November 12th. Zacks Investment Research upgraded Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 16th. UBS Group upgraded Companhia de Saneamento Basico from a “neutral” rating to an “outperform” rating in a report on Monday, October 29th. Finally, ValuEngine upgraded Companhia de Saneamento Basico from a “strong sell” rating to a “sell” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Companhia de Saneamento Basico has a consensus rating of “Hold”.

SBS stock traded down $0.06 during midday trading on Monday, hitting $7.39. 117,198 shares of the company’s stock were exchanged, compared to its average volume of 2,964,505. 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 cap of $5.09 billion, a PE ratio of 6.37 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.

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Companhia de Saneamento Basico Company 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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