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) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 24,149,215 shares, a growth of 66.4% from the July 15th total of 14,515,329 shares. Based on an average daily trading volume, of 6,203,907 shares, the short-interest ratio is presently 3.9 days. Approximately 0.7% of the company’s shares are sold short.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 0.8%

NYSE:SBS opened at $4.54 on Wednesday. The company’s 50 day moving average price is $5.50 and its 200-day moving average price is $73.15. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52 week low of $4.18 and a 52 week high of $7.16. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02. The stock has a market cap of $15.99 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 3.92 and a beta of 0.68.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations 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%. On average, equities research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. WCM Investment Management LLC grew 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 buying an additional 1,756,304 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter worth about $37,053,000. Bank of America Corp DE grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 54.9% during the 2nd quarter. Bank of America Corp DE now owns 3,152,070 shares of the utilities provider’s stock valued at $69,251,000 after acquiring an additional 1,116,681 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 3rd quarter valued at about $27,444,000. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 502.2% during 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 last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SBS has been the subject of a number of research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Friday, August 7th. Wall Street Zen cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Zacks Research downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 28th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $183.00.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

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.