Companhia de Saneamento Basico (SBS) Position Raised by Schroder Investment Management Group

Schroder Investment Management Group boosted its stake in Companhia de Saneamento Basico (NYSE:SBS) by 40.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,094,996 shares of the utilities provider’s stock after purchasing an additional 898,970 shares during the quarter. Schroder Investment Management Group owned about 0.45% of Companhia de Saneamento Basico worth $32,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lenox Wealth Management Inc. raised its stake in Companhia de Saneamento Basico by 34.7% in the third quarter. Lenox Wealth Management Inc. now owns 55,750 shares of the utilities provider’s stock valued at $583,000 after purchasing an additional 14,365 shares in the last quarter. Timber Hill LLC purchased a new stake in Companhia de Saneamento Basico in the third quarter valued at approximately $378,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Companhia de Saneamento Basico by 29.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,025,540 shares of the utilities provider’s stock valued at $10,727,000 after purchasing an additional 231,035 shares in the last quarter. King Street Capital Management L.P. purchased a new stake in Companhia de Saneamento Basico in the third quarter valued at approximately $31,380,000. Finally, Lord Abbett & CO. LLC purchased a new stake in Companhia de Saneamento Basico in the second quarter valued at approximately $12,385,000. 16.69% of the stock is currently owned by institutional investors and hedge funds.

Companhia de Saneamento Basico (NYSE SBS) opened at $11.17 on Thursday. Companhia de Saneamento Basico has a 52-week low of $8.15 and a 52-week high of $11.69. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.07 and a current ratio of 1.10. The company has a market cap of $7,641.64, a P/E ratio of 8.59 and a beta of 1.85.

A number of brokerages recently weighed in on SBS. JPMorgan Chase & Co. raised shares of Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a research note on Monday, November 27th. Zacks Investment Research cut shares of Companhia de Saneamento Basico from a “hold” rating to a “sell” rating in a research report on Thursday, November 23rd. HSBC upgraded shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. ValuEngine upgraded shares of Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Finally, UBS Group cut shares of Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold”.

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Companhia de Saneamento Basico Company Profile

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

Institutional Ownership by Quarter for Companhia de Saneamento Basico (NYSE:SBS)

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