Monarch Partners Asset Management LLC decreased its stake in shares of SJW Corp. (NYSE:SJW) by 72.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,140 shares of the company’s stock after selling 20,930 shares during the period. Monarch Partners Asset Management LLC’s holdings in SJW Corp. were worth $321,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in SJW. Deprince Race & Zollo Inc. increased its stake in shares of SJW Corp. by 13.7% in the second quarter. Deprince Race & Zollo Inc. now owns 140,997 shares of the company’s stock valued at $5,552,000 after buying an additional 16,963 shares in the last quarter. American Century Companies Inc. increased its position in SJW Corp. by 13.1% in the second quarter. American Century Companies Inc. now owns 107,255 shares of the company’s stock worth $4,224,000 after buying an additional 12,441 shares during the period. Strs Ohio increased its position in SJW Corp. by 2.0% in the second quarter. Strs Ohio now owns 20,100 shares of the company’s stock worth $791,000 after buying an additional 400 shares during the period. Mercer Capital Advisers Inc. purchased a new position in SJW Corp. during the second quarter worth approximately $118,000. Finally, Eqis Capital Management Inc. increased its position in SJW Corp. by 14.4% in the second quarter. Eqis Capital Management Inc. now owns 7,749 shares of the company’s stock worth $305,000 after buying an additional 978 shares during the period. Institutional investors own 45.15% of the company’s stock.
SJW Corp. (NYSE:SJW) traded up 1.35% during trading on Thursday, reaching $42.91. The company had a trading volume of 55,728 shares. The stock has a market cap of $877.17 million, a P/E ratio of 19.16 and a beta of 0.34. SJW Corp. has a 12-month low of $27.60 and a 12-month high of $46.73. The firm has a 50-day moving average price of $43.25 and a 200 day moving average price of $38.60.
SJW Corp. (NYSE:SJW) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.41. SJW Corp. had a net margin of 14.40% and a return on equity of 11.12%. Equities research analysts predict that SJW Corp. will post $1.80 EPS for the current fiscal year.
Separately, Zacks Investment Research upgraded SJW Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd.
In other news, VP Palle Jensen sold 3,000 shares of the stock in a transaction on Tuesday, August 2nd. The shares were sold at an average price of $41.15, for a total transaction of $123,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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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