Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Short Interest Update

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 14,515,329 shares, a decrease of 43.9% from the June 30th total of 25,870,594 shares. Based on an average daily volume of 4,998,783 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.4% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Wall Street Zen upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (a-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $183.00.

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

NYSE SBS traded down $0.25 on Wednesday, hitting $5.27. The stock had a trading volume of 8,118,346 shares, compared to its average volume of 6,614,701. The company has a market capitalization of $18.56 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.71 and a beta of 0.66. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $3.79 and a 52-week high of $7.16. The firm has a 50-day moving average of $5.63 and a 200-day moving average of $85.61. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.73 and a current ratio of 1.74.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its earnings results on Thursday, May 7th. The utilities provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 16.38% and a net margin of 24.25%.The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.28 billion. Equities analysts expect that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.97 EPS for the current year.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

A number of hedge funds have recently bought and sold shares of SBS. Bank of America Corp DE grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the second quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock valued at $69,251,000 after buying an additional 1,116,681 shares during the last quarter. WCM Investment Management LLC boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 396.7% during the first quarter. WCM Investment Management LLC now owns 2,198,987 shares of the utilities provider’s stock worth $64,716,000 after purchasing an additional 1,756,304 shares during the period. Mackenzie Financial Corp grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.3% in the fourth quarter. Mackenzie Financial Corp now owns 2,161,328 shares of the utilities provider’s stock worth $52,072,000 after purchasing an additional 48,214 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.4% during the fourth quarter. Vanguard Group Inc. now owns 2,094,992 shares of the utilities provider’s stock valued at $49,966,000 after buying an additional 48,587 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 61.9% in the 4th quarter. Wellington Management Group LLP now owns 1,785,307 shares of the utilities provider’s stock worth $42,580,000 after purchasing an additional 682,699 shares in the last quarter. Institutional investors own 10.62% of the company’s stock.

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.