Lenox Wealth Management Inc. purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 41,385 shares of the utilities provider’s stock, valued at approximately $401,000.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 5,172,179 shares of the utilities provider’s stock valued at $49,239,000 after purchasing an additional 256,552 shares during the last quarter. Brookfield Asset Management Inc. grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.4% during the 1st quarter. Brookfield Asset Management Inc. now owns 4,402,020 shares of the utilities provider’s stock valued at $45,825,000 after purchasing an additional 61,420 shares during the last quarter. Numeric Investors LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 747.6% during the 2nd quarter. Numeric Investors LLC now owns 3,416,777 shares of the utilities provider’s stock valued at $32,528,000 after purchasing an additional 3,013,677 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 8.8% during the 1st quarter. Bank of America Corp DE now owns 3,298,366 shares of the utilities provider’s stock valued at $34,336,000 after purchasing an additional 265,524 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 57.4% during the 2nd quarter. Nordea Investment Management AB now owns 3,005,216 shares of the utilities provider’s stock valued at $28,610,000 after purchasing an additional 1,095,638 shares during the last quarter. 15.86% of the stock is currently owned by institutional investors.

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Several brokerages recently issued reports on SBS. Zacks Investment Research lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Janney Montgomery Scott raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “buy” rating in a report on Wednesday, August 16th. ValuEngine lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Citigroup Inc. lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a report on Monday, August 14th. Finally, BidaskClub lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (SBS) traded down 1.86% during midday trading on Friday, reaching $10.54. 205,347 shares of the company’s stock were exchanged. 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 firm has a 50 day moving average of $10.38 and a 200-day moving average of $10.00. The stock has a market cap of $7.20 billion, a PE ratio of 9.08 and a beta of 1.81.

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

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