Groupe la Francaise Increases Stock Position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Groupe la Francaise boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 790.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 750,759 shares of the utilities provider's stock after purchasing an additional 666,437 shares during the period. Groupe la Francaise's holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $4,343,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Gradient Investments LLC boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 423.2% in the second quarter. Gradient Investments LLC now owns 985,027 shares of the utilities provider's stock worth $5,693,000 after purchasing an additional 796,772 shares during the last quarter. Raiffeisen Bank International AG increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 622.2% during the 2nd quarter. Raiffeisen Bank International AG now owns 650,000 shares of the utilities provider's stock valued at $3,776,000 after purchasing an additional 560,000 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 502.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 1,149,745 shares of the utilities provider's stock worth $6,646,000 after purchasing an additional 958,808 shares during the period. NS Partners Ltd lifted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 376.1% in the 2nd quarter. NS Partners Ltd now owns 364,445 shares of the utilities provider's stock worth $2,106,000 after purchasing an additional 287,896 shares during the period. Finally, BTG Pactual Asset Management US LLC boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 419.6% in the second quarter. BTG Pactual Asset Management US LLC now owns 827,173 shares of the utilities provider's stock worth $4,781,000 after buying an additional 667,972 shares during the last quarter. Institutional investors own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Price Performance

NYSE:SBS opened at $5.17 on Tuesday. The business's 50-day simple moving average is $5.32 and its two-hundred day simple moving average is $59.70. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 52 week low of $4.43 and a 52 week high of $7.16. The stock has a market cap of $18.19 billion, a PE ratio of 14.50, a P/E/G ratio of 4.14 and a beta of 0.67. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.23 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 14.03% and a net margin of 23.93%. As a group, analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 0.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Weiss Ratings downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 21st. Finally, Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

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

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.

Want to see what other hedge funds are holding SBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.