Companhia de Saneamento Basico (SBS) Position Boosted by NumerixS Investment Technologies Inc

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NumerixS Investment Technologies Inc lifted its position in shares of Companhia de Saneamento Basico (NYSE:SBS) by 350.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 62,100 shares of the utilities provider’s stock after buying an additional 48,300 shares during the period. NumerixS Investment Technologies Inc’s holdings in Companhia de Saneamento Basico were worth $363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Thomas White International Ltd. lifted its stake in shares of Companhia de Saneamento Basico by 7.2% during the second quarter. Thomas White International Ltd. now owns 148,601 shares of the utilities provider’s stock valued at $893,000 after buying an additional 9,970 shares during the period. Pinebridge Investments L.P. lifted its stake in shares of Companhia de Saneamento Basico by 26.1% during the second quarter. Pinebridge Investments L.P. now owns 51,993 shares of the utilities provider’s stock valued at $312,000 after buying an additional 10,770 shares during the period. First Trust Advisors LP lifted its stake in shares of Companhia de Saneamento Basico by 2.5% during the second quarter. First Trust Advisors LP now owns 536,810 shares of the utilities provider’s stock valued at $3,226,000 after buying an additional 13,203 shares during the period. Tortoise Index Solutions LLC purchased a new position in Companhia de Saneamento Basico during the second quarter worth approximately $100,000. Finally, Bank of New York Mellon Corp raised its stake in Companhia de Saneamento Basico by 61.3% during the second quarter. Bank of New York Mellon Corp now owns 59,927 shares of the utilities provider’s stock worth $360,000 after purchasing an additional 22,780 shares during the period. 13.79% of the stock is currently owned by institutional investors and hedge funds.

NYSE:SBS opened at $5.84 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.59. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 5.03 and a beta of 1.64. Companhia de Saneamento Basico has a fifty-two week low of $5.71 and a fifty-two week high of $11.96.

Companhia de Saneamento Basico (NYSE:SBS) last posted its quarterly earnings results on Thursday, August 9th. The utilities provider reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.17). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Companhia de Saneamento Basico had a return on equity of 12.76% and a net margin of 15.55%. equities analysts predict that Companhia de Saneamento Basico will post 0.82 earnings per share for the current fiscal year.

A number of research firms have weighed in on SBS. Zacks Investment Research raised shares of Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 17th. Goldman Sachs Group downgraded shares of Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a research note on Friday, May 18th. ValuEngine downgraded shares of Companhia de Saneamento Basico from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 17th. Scotiabank raised shares of Companhia de Saneamento Basico from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, May 15th. Finally, Citigroup raised shares of Companhia de Saneamento Basico from a “sell” rating to a “neutral” rating in a research note on Monday, May 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Companhia de Saneamento Basico presently has an average rating of “Hold”.

About Companhia de Saneamento Basico

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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

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