Companhia de Saneamento Bsc DEDSP (NYSE:SBS) Stock Price Down 5.4%

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) shares fell 5.4% on Friday . The stock traded as low as $12.65 and last traded at $12.67, 1,938,452 shares changed hands during trading. A decline of 15% from the average session volume of 2,290,611 shares. The stock had previously closed at $13.39.

A number of brokerages have commented on SBS. ValuEngine cut shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of Companhia de Saneamento Bsc DEDSP from a “strong-buy” rating to a “sell” rating and set a $13.00 price objective for the company. in a research note on Tuesday, June 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.00.

The firm has a market capitalization of $8.84 billion, a PE ratio of 11.62 and a beta of 0.94. The business’s 50 day simple moving average is $13.67 and its 200 day simple moving average is $11.71. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Several large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in shares of Companhia de Saneamento Bsc DEDSP by 11.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,796 shares of the utilities provider’s stock worth $119,000 after buying an additional 987 shares in the last quarter. Creative Planning grew its stake in shares of Companhia de Saneamento Bsc DEDSP by 10.8% in the 1st quarter. Creative Planning now owns 11,192 shares of the utilities provider’s stock worth $118,000 after buying an additional 1,091 shares in the last quarter. Strategic Global Advisors LLC grew its stake in shares of Companhia de Saneamento Bsc DEDSP by 0.8% in the 2nd quarter. Strategic Global Advisors LLC now owns 195,129 shares of the utilities provider’s stock worth $2,375,000 after buying an additional 1,593 shares in the last quarter. Pacer Advisors Inc. purchased a new position in shares of Companhia de Saneamento Bsc DEDSP in the 2nd quarter worth $28,000. Finally, Advisor Group Inc. grew its stake in shares of Companhia de Saneamento Bsc DEDSP by 41.2% in the 2nd quarter. Advisor Group Inc. now owns 9,592 shares of the utilities provider’s stock worth $118,000 after buying an additional 2,798 shares in the last quarter. 14.00% of the stock is owned by institutional investors and hedge funds.

Companhia de Saneamento Bsc DEDSP 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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