NGAM Advisors L.P. reduced its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 3.5% during the second quarter, Holdings Channel reports. The firm owned 240,153 shares of the utilities provider’s stock after selling 8,730 shares during the period. NGAM Advisors L.P.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $2,286,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Greenleaf Trust bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth approximately $109,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 6.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 10,676 shares of the utilities provider’s stock worth $111,000 after buying an additional 600 shares during the period. Koch Industries Inc. bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth approximately $111,000. James Investment Research Inc. bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter worth approximately $124,000. Finally, Global X Management Co. LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.9% in the first quarter. Global X Management Co. LLC now owns 12,528 shares of the utilities provider’s stock worth $130,000 after buying an additional 237 shares during the period. 15.00% of the stock is owned by institutional investors and hedge funds.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) opened at 10.41 on Friday. The stock’s 50 day moving average is $10.36 and its 200-day moving average is $10.03. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $7.76 and a 12 month high of $11.33. The company has a market cap of $7.12 billion, a P/E ratio of 7.44 and a beta of 1.77.

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A number of brokerages have recently issued reports on SBS. Zacks Investment Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. HSBC Holdings plc downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Tuesday. ValuEngine raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Finally, Citigroup Inc. downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $12.00.

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

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.

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Institutional Ownership by Quarter for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

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