Trading Report: The 62,000 Shares of Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) are sold by BlackRock Advisors LLC

The 62,000 Shares of Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) are sold by BlackRock Advisors LLC

BlackRock Advisors LLC reduced its stake in shares of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) by 6.9% during the second quarter, Holdings Channel reports. The fund owned 832,200 shares of the company’s stock after selling 62,000 shares during the period. BlackRock Advisors LLC owned approximately 0.12% of Companhia de Saneamento Basico do Estado de Sao Paulo worth $7,457,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 5.5% in the second quarter. Vanguard Group Inc. now owns 4,627,110 shares of the company’s stock worth $41,459,000 after buying an additional 239,871 shares in the last quarter. Impax Asset Management LTD increased its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 5.0% in the second quarter. Impax Asset Management LTD now owns 2,860,847 shares of the company’s stock worth $25,816,000 after buying an additional 136,672 shares in the last quarter. Impax Asset Management AIFM Ltd increased its position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo by 1.8% in the second quarter. Impax Asset Management AIFM Ltd now owns 1,216,510 shares of the company’s stock worth $10,980,000 after buying an additional 21,110 shares in the last quarter. Eaton Vance Management acquired a new position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo during the second quarter worth approximately $627,000. Finally, AT Bancorp acquired a new position in shares of Companhia de Saneamento Basico do Estado de Sao Paulo during the second quarter worth approximately $1,262,000. Hedge funds and other institutional investors own 16.31% of the company’s stock.

Shares of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) opened at 9.62 on Thursday. The company has a 50-day moving average price of $9.22 and a 200 day moving average price of $8.35. The stock has a market capitalization of $6.58 billion, a PE ratio of 16.25 and a beta of 2.01. Companhia de Saneamento Basico do Estado de Sao Paulo has a 52 week low of $3.98 and a 52 week high of $9.83.

A number of brokerages recently commented on SBS. JPMorgan Chase & Co. downgraded Companhia de Saneamento Basico do Estado de Sao Paulo from an “overweight” rating to a “neutral” rating in a report on Friday, July 29th. Janney Montgomery Scott downgraded Companhia de Saneamento Basico do Estado de Sao Paulo from a “buy” rating to a “neutral” rating in a report on Wednesday, August 3rd. Finally, Zacks Investment Research upgraded Companhia de Saneamento Basico do Estado de Sao Paulo from a “hold” rating to a “buy” rating and set a $9.25 target price for the company in a report on Tuesday, June 21st.

About Companhia de Saneamento Basico do Estado de Sao Paulo

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.

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