CoreCommodity Management LLC Lowers Stake in Companhia de Saneamento Bsc DEDSP (SBS)

CoreCommodity Management LLC lowered its stake in shares of Companhia de Saneamento Bsc DEDSP (NYSE:SBS) by 18.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 181,023 shares of the utilities provider’s stock after selling 40,183 shares during the quarter. Companhia de Saneamento Bsc DEDSP accounts for 1.2% of CoreCommodity Management LLC’s investment portfolio, making the stock its 25th biggest position. CoreCommodity Management LLC’s holdings in Companhia de Saneamento Bsc DEDSP were worth $1,461,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in Companhia de Saneamento Bsc DEDSP by 2.0% in the 3rd quarter. Wells Fargo & Company MN now owns 863,987 shares of the utilities provider’s stock worth $5,098,000 after acquiring an additional 16,691 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Companhia de Saneamento Bsc DEDSP by 129.6% in the 3rd quarter. Mackenzie Financial Corp now owns 79,795 shares of the utilities provider’s stock worth $471,000 after acquiring an additional 45,041 shares during the last quarter. ELCO Management Co. LLC grew its holdings in Companhia de Saneamento Bsc DEDSP by 186.9% in the 3rd quarter. ELCO Management Co. LLC now owns 41,394 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 26,965 shares during the last quarter. Checchi Capital Advisers LLC bought a new stake in Companhia de Saneamento Bsc DEDSP in the 4th quarter worth $88,000. Finally, Newfoundland Capital Management bought a new stake in Companhia de Saneamento Bsc DEDSP in the 3rd quarter worth $2,949,000. Hedge funds and other institutional investors own 14.58% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. ValuEngine lowered shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. Citigroup lowered shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 16th. Janney Montgomery Scott lowered shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “neutral” rating in a research note on Thursday, January 3rd. Zacks Investment Research raised shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Finally, HSBC lowered shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold”.

Shares of SBS opened at $11.16 on Friday. The stock has a market cap of $7.63 billion, a PE ratio of 9.62 and a beta of 0.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.33. Companhia de Saneamento Bsc DEDSP has a 1-year low of $5.58 and a 1-year high of $12.25.

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Companhia de Saneamento Bsc DEDSP Company 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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