Daiwa Securities Group Inc. Lowers Stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS)

Daiwa Securities Group Inc. lowered its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 158,100 shares of the utilities provider’s stock after selling 500 shares during the period. Daiwa Securities Group Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $1,505,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SBS. Morgan Stanley raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1,643.2% in the first quarter. Morgan Stanley now owns 2,012,329 shares of the utilities provider’s stock valued at $20,948,000 after buying an additional 1,896,888 shares during the period. Causeway Capital Management LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter valued at approximately $18,286,000. Russell Investments Group Ltd. raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 195.7% in the second quarter. Russell Investments Group Ltd. now owns 1,122,126 shares of the utilities provider’s stock valued at $10,683,000 after buying an additional 742,694 shares during the period. Impax Asset Management LTD raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 10.6% in the first quarter. Impax Asset Management LTD now owns 6,619,404 shares of the utilities provider’s stock valued at $68,908,000 after buying an additional 635,474 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 38.7% in the first quarter. JPMorgan Chase & Co. now owns 1,593,611 shares of the utilities provider’s stock valued at $16,589,000 after buying an additional 444,986 shares during the period. Institutional investors own 15.00% of the company’s stock.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE SBS) opened at 10.55 on Thursday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $7.76 and a 52-week high of $11.33. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 7.54 and a beta of 1.77. The stock has a 50 day moving average price of $10.30 and a 200-day moving average price of $10.02.

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SBS has been the subject of several research reports. Citigroup Inc. lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a research note on Thursday, April 20th. BidaskClub upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 6th. Zacks Investment Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, May 19th. ValuEngine upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, HSBC Holdings plc lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.00.

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

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

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Institutional Ownership by Quarter for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

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