Pictet Asset Management Ltd. reduced its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 9.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 375,082 shares of the utilities provider’s stock after selling 40,280 shares during the period. Pictet Asset Management Ltd. owned about 0.05% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $3,923,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SBS. Raymond James Trust N.A. raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 0.9% during the 2nd quarter. Raymond James Trust N.A. now owns 10,474 shares of the utilities provider’s stock valued at $100,000 after acquiring an additional 91 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth $117,000. Virtu KCG Holdings LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth $119,000. James Investment Research Inc. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth $124,000. Finally, Institute for Wealth Management LLC. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth $140,000. 15.57% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on SBS shares. Zacks Investment Research lowered 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. ValuEngine raised 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. BidaskClub lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Janney Montgomery Scott raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 16th. Finally, Scotiabank raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from an “underperform” rating to a “sector perform” rating in a research report on Monday, October 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold”.

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Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE SBS) opened at $8.90 on Friday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $7.75 and a 52-week high of $11.33. The company has a quick ratio of 0.86, a current ratio of 0.87 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $6,083.24, a price-to-earnings ratio of 7.81 and a beta of 1.83.

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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