Van ECK Associates Corp trimmed its stake in Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 18.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,994 shares of the utilities provider’s stock after selling 2,490 shares during the period. Van ECK Associates Corp’s holdings in Companhia de Saneamento Bsc DEDSP were worth $89,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SBS. First Trust Advisors LP increased its position in Companhia de Saneamento Bsc DEDSP by 37.9% during the third quarter. First Trust Advisors LP now owns 740,145 shares of the utilities provider’s stock worth $4,367,000 after purchasing an additional 203,335 shares during the last quarter. Russell Investments Group Ltd. increased its position in Companhia de Saneamento Bsc DEDSP by 49.8% during the third quarter. Russell Investments Group Ltd. now owns 281,423 shares of the utilities provider’s stock worth $1,660,000 after purchasing an additional 93,600 shares during the last quarter. Wells Fargo & Company MN increased its position in Companhia de Saneamento Bsc DEDSP by 2.0% during the third quarter. Wells Fargo & Company MN now owns 863,987 shares of the utilities provider’s stock worth $5,098,000 after purchasing an additional 16,691 shares during the last quarter. Commonwealth Bank of Australia increased its position in Companhia de Saneamento Bsc DEDSP by 15.1% during the third quarter. Commonwealth Bank of Australia now owns 228,663 shares of the utilities provider’s stock worth $1,347,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. increased its position in Companhia de Saneamento Bsc DEDSP by 11.1% during the third quarter. Letko Brosseau & Associates Inc. now owns 4,183,086 shares of the utilities provider’s stock worth $24,680,000 after purchasing an additional 416,925 shares during the last quarter. 14.58% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. Janney Montgomery Scott cut shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a research report on Thursday, January 3rd. ValuEngine upgraded shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Citigroup cut shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 16th. Finally, HSBC cut shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Companhia de Saneamento Bsc DEDSP has a consensus rating of “Hold”.

Shares of SBS opened at $11.37 on Friday. Companhia de Saneamento Bsc DEDSP has a 1-year low of $5.58 and a 1-year high of $12.25. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 9.80 and a beta of 0.93. The company has a quick ratio of 1.31, a current ratio of 1.33 and a debt-to-equity ratio of 0.62.

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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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