Tidal Investments LLC Acquires 187,443 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Tidal Investments LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 651.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 216,205 shares of the utilities provider’s stock after buying an additional 187,443 shares during the period. Tidal Investments LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $1,250,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. WCM Investment Management LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 396.7% during the first quarter. WCM Investment Management LLC now owns 2,198,987 shares of the utilities provider’s stock valued at $64,716,000 after buying an additional 1,756,304 shares during the period. Handelsbanken Fonder AB boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 502.2% in the second quarter. Handelsbanken Fonder AB now owns 1,149,745 shares of the utilities provider’s stock valued at $6,646,000 after acquiring an additional 958,808 shares during the last quarter. Assetmark Inc. boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 10.8% in the first quarter. Assetmark Inc. now owns 1,091,869 shares of the utilities provider’s stock valued at $33,313,000 after acquiring an additional 106,469 shares during the last quarter. Legal & General Group Plc grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.9% during the 4th quarter. Legal & General Group Plc now owns 1,085,894 shares of the utilities provider’s stock valued at $25,902,000 after acquiring an additional 60,727 shares during the period. Finally, Gradient Investments LLC grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 423.2% during the 2nd quarter. Gradient Investments LLC now owns 985,027 shares of the utilities provider’s stock valued at $5,693,000 after acquiring an additional 796,772 shares during the period. Institutional investors own 10.62% of the company’s stock.

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

Shares of NYSE:SBS opened at $5.30 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $18.67 billion, a PE ratio of 14.87, a P/E/G ratio of 3.99 and a beta of 0.67. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $4.43 and a twelve month high of $7.16. The company has a 50-day moving average price of $5.23 and a two-hundred day moving average price of $51.29.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 14.03% and a net margin of 23.93%.The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Equities analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.39 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SBS. Zacks Research lowered shares of 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. Weiss Ratings downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. 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 report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a consensus rating of “Moderate Buy” and an average target price of $183.00.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and wastewater utility headquartered in São Paulo. The company provides treated water production and distribution, sewage collection, wastewater treatment, and related sanitation services to residential, commercial, and industrial customers.

Sabesp operates primarily in the state of São Paulo, including the São Paulo metropolitan region and municipalities served under concession or service agreements.