Advisors Asset Management Inc. reduced its position in shares of SJW Corp. (NYSE:SJW) by 6.7% during the second quarter, Holdings Channel reports. The fund owned 5,763 shares of the company’s stock after selling 414 shares during the period. Advisors Asset Management Inc.’s holdings in SJW Corp. were worth $227,000 as of its most recent filing with the SEC.
Several other large investors have also made changes to their positions in SJW. Bogle Investment Management L P DE acquired a new stake in shares of SJW Corp. during the first quarter worth about $3,021,000. Goldman Sachs Group Inc. boosted its stake in shares of SJW Corp. by 213.9% in the first quarter. Goldman Sachs Group Inc. now owns 23,140 shares of the company’s stock worth $841,000 after buying an additional 15,769 shares during the last quarter. AXA boosted its stake in shares of SJW Corp. by 1,884.0% in the first quarter. AXA now owns 45,632 shares of the company’s stock worth $1,659,000 after buying an additional 43,332 shares during the last quarter. UBS Group AG boosted its stake in shares of SJW Corp. by 3.5% in the first quarter. UBS Group AG now owns 50,365 shares of the company’s stock worth $1,831,000 after buying an additional 1,709 shares during the last quarter. Finally, Zebra Capital Management LLC acquired a new stake in shares of SJW Corp. during the first quarter worth about $951,000. 45.15% of the stock is owned by institutional investors.
SJW Corp. (NYSE:SJW) traded down 1.80% during midday trading on Tuesday, reaching $42.66. 14,371 shares of the company traded hands. SJW Corp. has a one year low of $27.60 and a one year high of $46.73. The firm has a market capitalization of $872.06 million, a price-to-earnings ratio of 19.05 and a beta of 0.34. The firm has a 50-day moving average price of $43.08 and a 200-day moving average price of $38.52.
SJW Corp. (NYSE:SJW) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.41. SJW Corp. had a return on equity of 11.12% and a net margin of 14.40%. Equities analysts predict that SJW Corp. will post $1.80 EPS for the current fiscal year.
Separately, Zacks Investment Research raised shares of SJW Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd.
In other news, VP Palle Jensen sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $42.08, for a total transaction of $210,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 22.50% of the company’s stock.
About SJW Corp.
SJW Corp. is a holding company. The Company has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). The Company operates through two segments: Water Utility Services and Real Estate Services.
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