Companhia de Saneamento Basico (NYSE:SBS) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its position in shares of Companhia de Saneamento Basico (NYSE:SBS) by 28.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,100 shares of the utilities provider’s stock after selling 28,675 shares during the period. Stifel Financial Corp’s holdings in Companhia de Saneamento Basico were worth $755,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Trust N.A. raised its stake in shares of Companhia de Saneamento Basico by 0.9% in 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. bought a new position in shares of Companhia de Saneamento Basico in the 2nd quarter valued at approximately $117,000. Virtu KCG Holdings LLC bought a new position in shares of Companhia de Saneamento Basico in the 2nd quarter valued at approximately $119,000. Institute for Wealth Management LLC. bought a new position in shares of Companhia de Saneamento Basico in the 2nd quarter valued at approximately $140,000. Finally, ETRADE Capital Management LLC raised its stake in shares of Companhia de Saneamento Basico by 2.6% in the 2nd quarter. ETRADE Capital Management LLC now owns 17,462 shares of the utilities provider’s stock valued at $166,000 after acquiring an additional 440 shares in the last quarter. 15.97% of the stock is owned by institutional investors.

A number of brokerages recently weighed in on SBS. Scotiabank raised Companhia de Saneamento Basico from an “underperform” rating to a “sector perform” rating in a research note on Monday, October 9th. Zacks Investment Research downgraded Companhia de Saneamento Basico from a “hold” rating to a “sell” rating in a research note on Thursday, November 23rd. JPMorgan Chase & Co. raised Companhia de Saneamento Basico from a “neutral” rating to an “overweight” rating in a research note on Monday, November 27th. HSBC raised Companhia de Saneamento Basico from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Finally, UBS Group lowered Companhia de Saneamento Basico from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Companhia de Saneamento Basico currently has a consensus rating of “Hold”.

Shares of Companhia de Saneamento Basico (NYSE SBS) opened at $10.51 on Friday. The stock has a market capitalization of $7,190.00, a P/E ratio of 8.08 and a beta of 1.85. The company has a quick ratio of 1.07, a current ratio of 1.10 and a debt-to-equity ratio of 0.61. Companhia de Saneamento Basico has a fifty-two week low of $8.15 and a fifty-two week high of $11.33.

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Companhia de Saneamento Basico Company 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 (NYSE:SBS)

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