Letko, Brosseau & Associates Inc. has recently announced that it has increased stake in Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) by 10.29%. After grabbing 5.32 million shares, the institutional investor is now in possession of 0.5 million shares of the Utilities Company. The new investment brought the stake of investor firm to 0.78% having worth around $61.44 million. Moreover, Invesco Capital Management LLC increased its share by 0.37 million to have a control over 4.96 million shares. And Renaissance Technologies LLC raised its holdings to 0.25 million shares by acquiring 1.99 million shares or 0.29% of the stake.
Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) concluded trading on 11/17/22 at a closing price of $10.14, with 5.95 million shares of worth about $60.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.50% during that period and on Thursday the price saw a loss of about -3.70%. Currently the company’s common shares owned by public are about 683.51M shares, out of which, 338.70M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 12 analysts are covering the SBS stock and their offered price forecasts bring an average price target of $11.89. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $17.23 and could fall to a lowest price of $9.61. The stock’s current price level is 17.56% above of average price target set by the analysts, while a rise to estimated low would result in loss of -5.52% for the stock. However, touching the estimated high of $17.23 would mean a gain of 41.15% for the stock.
Pictet – Water, BNP Paribas Funds – Climate Impac, and BNP Paribas Funds – Aqua are the top 3 mutual funds which are holding stakes in Companhia de Saneamento Basico do Estado de Sao Paulo Pictet – Water is currently holding 18.0 million shares of worth totaling $208.07 million. The company recently came buying 0.0 shares which brought its stake up to 2.63% of the company’s outstanding shares. BNP Paribas Funds – Aqua, after selling 4.72 million shares, have now control over 0.69% of the stake in the company. It holds -0.93 million shares of worth $54.6 million.
Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) started trading at $9.96, below -$0.57 from concluding price of the previous day. However, the stock later moved at a day high price of 10.16, or with a loss of -3.70%. Stock saw a price change of -0.88% in past 5 days and over the past one month there was a price change of -5.41%. Year-to-date (YTD), SBS shares are showing a performance of 40.85% which increased to 63.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.77 but also hit the highest price of $12.04 during that period. The average intraday trading volume for Companhia de Saneamento Basico do Estado de Sao Paulo shares is 3.51 million. The stock is currently trading -8.29% below its 20-day simple moving average (SMA20), while that difference is down -2.04% for SMA50 and it goes to 11.51% higher than SMA200.
Letko, Brosseau & Associates Inc. acquired 5.32 million shares of Companhia de Saneamento Basico do Estado de Sao Paulo having value of about $61.44 million. Data submitted at the U.S SEC by Letko, Brosseau & Associates Inc. revealed that the firm now holds 0.5 million shares in the company valued at close to $5026550.1, or have control over 10.29% stake in the company. Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) currently have 683.51M outstanding shares and institutions hold larger chunk of about 14.10% of that. Holding of mutual funds in the company is about 10.58% while other institutional holders and individual stake holders have control over 2.91% and — of the stake respectively.
The stock has a current market capitalization of $6.77B and its 3Y-monthly beta is at 1.03. PE ratio of stock for trailing 12 months is 15.23, while it has posted earnings per share of $0.67 in the same period. Its PEG reads 1.42 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.67. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SBS, volatility over the week remained 3.96% while standing at 3.81% over the month.
Analysts are in expectations that Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 136.90%. EPS is likely to grow at an annualized rate of 10.71% for next 5-years, compared to annual growth of -4.80% made by the stock over the past 5-years.
Analysts at 12 brokerage firms have issued recommendations for the Companhia de Saneamento Basico do Estado de Sao Paulo (SBS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 12 Wall Street analysts, 8 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Stock get a Sell rating from Citigroup on January 16, 2019.