Lake Street Advisors Group LLC Purchases Shares of 10,573 Companhia de Saneamento Basico (SBS)

Lake Street Advisors Group LLC purchased a new stake in Companhia de Saneamento Basico (NYSE:SBS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,573 shares of the utilities provider’s stock, valued at approximately $110,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBS. Checchi Capital Advisers LLC purchased a new position in shares of Companhia de Saneamento Basico in the fourth quarter valued at $106,000. BlueCrest Capital Management Ltd purchased a new position in Companhia de Saneamento Basico during the fourth quarter worth about $107,000. Tower Research Capital LLC TRC grew its position in Companhia de Saneamento Basico by 538.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 10,850 shares of the utilities provider’s stock worth $113,000 after buying an additional 9,150 shares in the last quarter. Greenleaf Trust purchased a new position in Companhia de Saneamento Basico during the fourth quarter worth about $120,000. Finally, Steward Partners Investment Advisory LLC grew its position in Companhia de Saneamento Basico by 5,762.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 11,960 shares of the utilities provider’s stock worth $124,000 after buying an additional 11,756 shares in the last quarter. Institutional investors own 16.18% of the company’s stock.

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Companhia de Saneamento Basico stock opened at $11.37 on Friday. Companhia de Saneamento Basico has a 52-week low of $8.15 and a 52-week high of $11.96. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.10. The company has a market capitalization of $7,887.71, a PE ratio of 8.75 and a beta of 1.74.

SBS has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a research report on Monday, November 27th. Zacks Investment Research cut Companhia de Saneamento Basico from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. ValuEngine upgraded Companhia de Saneamento Basico from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 28th. Finally, Janney Montgomery Scott cut Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a research report on Monday, March 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Companhia de Saneamento Basico currently has an average rating of “Hold”.

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Companhia de Saneamento Basico 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.

Institutional Ownership by Quarter for Companhia de Saneamento Basico (NYSE:SBS)

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