ELCO Management Co. LLC Grows Stock Holdings in Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

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ELCO Management Co. LLC raised its position in shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 56.5% during the second quarter, HoldingsChannel reports. The firm owned 21,947 shares of the utilities provider’s stock after purchasing an additional 7,919 shares during the period. ELCO Management Co. LLC’s holdings in Companhia de Saneamento Bsc DEDSP were worth $267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its position in Companhia de Saneamento Bsc DEDSP by 143.3% during the first quarter. Lazard Asset Management LLC now owns 1,350,562 shares of the utilities provider’s stock valued at $14,288,000 after purchasing an additional 795,553 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Companhia de Saneamento Bsc DEDSP by 30.5% during the first quarter. Great West Life Assurance Co. Can now owns 950,163 shares of the utilities provider’s stock valued at $10,023,000 after purchasing an additional 222,232 shares in the last quarter. Aperio Group LLC raised its position in Companhia de Saneamento Bsc DEDSP by 13.0% during the second quarter. Aperio Group LLC now owns 748,682 shares of the utilities provider’s stock valued at $9,111,000 after purchasing an additional 85,911 shares in the last quarter. Norges Bank purchased a new stake in Companhia de Saneamento Bsc DEDSP during the fourth quarter valued at about $6,025,000. Finally, Acadian Asset Management LLC raised its position in Companhia de Saneamento Bsc DEDSP by 341.3% during the first quarter. Acadian Asset Management LLC now owns 734,980 shares of the utilities provider’s stock valued at $7,776,000 after purchasing an additional 568,424 shares in the last quarter. Institutional investors and hedge funds own 13.56% of the company’s stock.

A number of equities research analysts have weighed in on SBS shares. Zacks Investment Research downgraded Companhia de Saneamento Bsc DEDSP from a “strong-buy” rating to a “sell” rating and set a $13.00 price target on the stock. in a research report on Tuesday, June 18th. ValuEngine downgraded Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.00.

Shares of SBS traded down $0.68 during trading hours on Thursday, hitting $13.05. The company had a trading volume of 70,356 shares, compared to its average volume of 1,596,843. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 12.09 and a beta of 0.94. The company’s 50 day moving average is $13.51. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. Companhia de Saneamento Bsc DEDSP has a 52-week low of $5.58 and a 52-week high of $14.60.

Companhia de Saneamento Bsc DEDSP Profile

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 Bsc DEDSP (NYSE:SBS)

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