Companhia de Saneamento Basico (SBS) Stock Price Up 9.5%

Companhia de Saneamento Basico (NYSE:SBS) shares rose 9.5% during mid-day trading on Monday . The company traded as high as $7.72 and last traded at $7.46. Approximately 5,111,253 shares were traded during mid-day trading, an increase of 195% from the average daily volume of 1,733,662 shares. The stock had previously closed at $6.81.

Separately, Zacks Investment Research raised shares of Companhia de Saneamento Basico from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Companhia de Saneamento Basico presently has a consensus rating of “Hold”.

The company has a market cap of $4.03 billion, a PE ratio of 6.19 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 0.62.

Companhia de Saneamento Basico (NYSE:SBS) last posted its earnings results on Thursday, August 9th. The utilities provider reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.17). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.09 billion. Companhia de Saneamento Basico had a return on equity of 13.02% and a net margin of 15.55%. Equities analysts anticipate that Companhia de Saneamento Basico will post 0.82 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of SBS. Campbell & CO Investment Adviser LLC bought a new stake in shares of Companhia de Saneamento Basico during the second quarter worth $611,000. Bank of Montreal Can grew its stake in shares of Companhia de Saneamento Basico by 33.1% during the second quarter. Bank of Montreal Can now owns 186,210 shares of the utilities provider’s stock worth $1,119,000 after buying an additional 46,354 shares during the last quarter. Thomas White International Ltd. grew its stake in shares of Companhia de Saneamento Basico by 7.2% during the second quarter. Thomas White International Ltd. now owns 148,601 shares of the utilities provider’s stock worth $893,000 after buying an additional 9,970 shares during the last quarter. First Manhattan Co. bought a new stake in shares of Companhia de Saneamento Basico during the second quarter worth $1,605,000. Finally, First Trust Advisors LP grew its stake in shares of Companhia de Saneamento Basico by 2.5% during the second quarter. First Trust Advisors LP now owns 536,810 shares of the utilities provider’s stock worth $3,226,000 after buying an additional 13,203 shares during the last quarter. 13.78% of the stock is currently owned by hedge funds and other institutional investors.

Companhia de Saneamento Basico Company Profile (NYSE:SBS)

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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