Companhia de Saneamento Basico (SBS) Trading Up 8.4%

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Companhia de Saneamento Basico (NYSE:SBS) was up 8.4% on Wednesday . The stock traded as high as $8.06 and last traded at $7.98. Approximately 7,949,072 shares were traded during mid-day trading, an increase of 312% from the average daily volume of 1,928,620 shares. The stock had previously closed at $7.36.

Several equities research analysts recently weighed in on SBS shares. Janney Montgomery Scott upgraded shares of Companhia de Saneamento Basico from a “neutral” rating to a “buy” rating in a research report on Monday, November 12th. Zacks Investment Research upgraded shares of Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine upgraded shares of Companhia de Saneamento Basico from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Finally, UBS Group upgraded shares of Companhia de Saneamento Basico from a “neutral” rating to an “outperform” rating in a research report on Monday, October 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold”.

The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.33. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of 6.90 and a beta of 0.97.

Companhia de Saneamento Basico (NYSE:SBS) last posted its quarterly earnings data on Thursday, November 8th. The utilities provider reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.05). Companhia de Saneamento Basico had a net margin of 12.86% and a return on equity of 10.75%. The firm had revenue of $967.47 million for the quarter, compared to the consensus estimate of $1.07 billion. Equities analysts expect that Companhia de Saneamento Basico will post 0.81 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. HPM Partners LLC increased its position in Companhia de Saneamento Basico by 24.0% during the third quarter. HPM Partners LLC now owns 37,820 shares of the utilities provider’s stock valued at $223,000 after acquiring an additional 7,323 shares during the last quarter. Pinebridge Investments L.P. increased its position in 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 acquiring an additional 10,770 shares during the last quarter. First Trust Advisors LP increased its position in 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 acquiring an additional 13,203 shares during the last quarter. Tortoise Index Solutions LLC bought a new position in Companhia de Saneamento Basico during the second quarter valued at $100,000. Finally, Wells Fargo & Company MN increased its position in Companhia de Saneamento Basico by 2.0% during the third quarter. Wells Fargo & Company MN now owns 863,987 shares of the utilities provider’s stock valued at $5,098,000 after acquiring an additional 16,691 shares during the last quarter. Institutional investors and hedge funds own 15.01% of the company’s stock.

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About Companhia de Saneamento Basico (NYSE:SBS)

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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