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Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Unum Group ( NYSE:UNM – Free Report ) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 84,480 shares of the financial services provider’s stock, valued at approximately $5,021,000. A number of other institutional investors also recently bought and sold shares of UNM. Versant Capital Management Inc lifted its stake in shares of Unum Group by 361.5% in the 2nd quarter. Versant Capital Management Inc now owns 503 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 394 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in Unum Group in the second quarter valued at about $26,000. 1620 Investment Advisors Inc. acquired a new stake in shares of Unum Group during the second quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new stake in shares of Unum Group in the 3rd quarter valued at approximately $31,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Unum Group in the 3rd quarter valued at approximately $37,000. 86.57% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets A number of research firms recently weighed in on UNM. Barclays lifted their target price on shares of Unum Group from $72.00 to $74.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. dropped their price objective on Unum Group from $65.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, October 3rd. Evercore ISI upgraded Unum Group from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $67.00 to $84.00 in a report on Thursday, November 14th. Bank of America raised their target price on Unum Group from $54.00 to $63.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Wells Fargo & Company lifted their target price on Unum Group from $69.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Unum Group presently has an average rating of “Moderate Buy” and an average target price of $67.73. Insider Buying and Selling at Unum Group In related news, CEO Richard P. Mckenney sold 67,795 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.98, for a total value of $3,727,369.10. Following the transaction, the chief executive officer now directly owns 1,065,868 shares of the company’s stock, valued at $58,601,422.64. This trade represents a 5.98 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website . Also, EVP Elizabeth Claire Ahmed sold 5,000 shares of the company’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $64.16, for a total transaction of $320,800.00. Following the completion of the transaction, the executive vice president now owns 58,741 shares of the company’s stock, valued at $3,768,822.56. This represents a 7.84 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold 165,709 shares of company stock worth $10,956,914 over the last three months. Insiders own 0.93% of the company’s stock. Unum Group Trading Up 0.5 % Shares of NYSE:UNM opened at $75.84 on Friday. The company has a market cap of $13.85 billion, a PE ratio of 8.21, a P/E/G ratio of 1.11 and a beta of 0.76. The company’s 50 day moving average is $63.86 and its two-hundred day moving average is $56.66. Unum Group has a 52 week low of $41.97 and a 52 week high of $76.31. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.32. Unum Group ( NYSE:UNM – Get Free Report ) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.03. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.26 billion. Unum Group had a return on equity of 15.21% and a net margin of 13.76%. Unum Group’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm earned $1.94 earnings per share. Equities analysts predict that Unum Group will post 8.53 earnings per share for the current fiscal year. Unum Group Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, October 25th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Friday, October 25th. Unum Group’s dividend payout ratio (DPR) is 18.18%. Unum Group announced that its Board of Directors has authorized a share buyback plan on Tuesday, July 30th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the financial services provider to buy up to 10% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued. Unum Group Profile ( Free Report ) Unum Group, together with its subsidiaries, provides financial protection benefit solutions primarily in the United States, the United Kingdom, Poland, and internationally. It operates through Unum US, Unum International, Colonial Life, and Closed Block segment. The company offers group long-term and short-term disability, group life, and accidental death and dismemberment products; supplemental and voluntary products, such as individual disability, voluntary benefits, and dental and vision products; and accident, sickness, disability, life, and cancer and critical illness products. Further Reading Receive News & Ratings for Unum Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unum Group and related companies with MarketBeat.com's FREE daily email newsletter .'Unstrung': New quartet formed from Shepherd University musical entrepreneurship class
Celebrity-inspired Thanksgiving recipes, plus last-minute holiday meal ideasThe Albanese Government has dumped its controversial misinformation and disinformation bill on the back of fierce opposition to the proposed laws, which had been slammed as an attempt by Labor to censor the internet. It came as part of a series of backflips as part of pre-Christmas clean-up of the Labor Government’s agenda, with plans to put a ban on gambling ads to Parliament this week also ditched, as well as any prospect of a compromise with the Greens over housing initiatives. The legislation would have required social media companies to have systems for dealing with false information and bad actors seeking to spread it on their platforms and given users more power to challenge content moderation decisions by tech companies. But the proposed bill — which also threatened to fine digital platforms up to five per cent of their revenue if they breached the laws — sparked widespread fears the Government was seeking to censor the internet. Communications Minister Michelle Rowland conceded on Sunday the legislation was friendless in the Senate, with opposition from the Coalition, Greens and crossbench. Shadow minister Michaelia Cash welcomed the abandonment of the proposed laws. Katina Curtis Dylan Caporn “This bill is not about misinformation and disinformation. This bill is about the Albanese government silencing the Australian people,” she said. The Coalition has long opposed the legislation while the Greens turned on it late last week. Nor did Labor find backing from Senate crossbenchers. “Based on public statements and engagements with senators, it is clear that there is no pathway to legislate this proposal through the Senate,” Ms Rowland said in a statement. Her shadow counterpart David Coleman said the bill never should have been put forward in the first place. “Today, all supporters of free speech can celebrate that the Albanese Government’s misinformation bill is now in the bin, where it belongs,” he said. Ms Rowland urged all parliamentarians to work on other proposals to keep Australians safe online and strengthen democratic institutions while safeguarding free speech. What on earth does this Prime Minister stand for? What is the point of the Albanese Government. “It is incumbent on democracies to grapple with these challenges in a way that puts the interests of citizens first,” she said. The Government will now focus on making tougher offences for sharing non-consensual deep fake porn, enforcing truth in political advertising in elections and regulating artificial intelligence. Opposition Leader Peter Dutton demanded the Government rule out any future iteration of the legislation. He also labelled the backdown on the gambling ad ban a “cowardly and craven capitulation”. “This is a government that is lurching from one disaster to the next and limping to the next election,” he said. “What on earth does this Prime Minister stand for? What is the point of the Albanese Government.” There are some 30 bills on the Senate’s agenda for the year’s final sitting. Katina Curtis Cabinet minister Murray Watt said it would be “a real test for Peter Dutton and for the Greens party about whether they’re prepared to help Labor build Australia’s future, or whether they’re going to continue the blocking and destructive negativity”. Top of his Christmas list for passage were the two housing bills and another that boosts childcare educator wages. But the Government has rejected a further compromise from the Greens on the legislation to establish a shared equity scheme like WA’s Keystart, and for incentives to build affordable rental properties. However, it still hopes to legislate a new age limit on social media and overhaul electoral funding with support from the Coalition during this final sitting week for the year. Treasury and Housing Australia have advised the Greens’ proposal to fund 25,000 housing projects previously rejected for Government funding was both unlawful and would cost $20 billion. Other changes to the build to rent scheme would have rendered it ineffective. Housing Minister Clare O’Neil said the minor party was running a “contentious charade” and dabbling in “the crassest form of politics”. “You get the distinct impression the Greens want Australians to continue to be in housing distress, so Adam Bandt can try to harvest those grievances into votes,” she said. Greens senator Sarah Hanson-Young, the longest-serving member of the Greens’ party room, insisted the party was trying to be pragmatic and get outcomes. “I don’t want to vote things down. I want to get things done,” she said.
Amazon has added to its Fire TV range with an Omni Mini-LED Series and Fire TV Soundbar Plus. “It’s early days, but we think we’re onto something,” Amazon said. “Since launching Fire TV 10 years ago, we’ve been on a mission to make TVs more intelligent, accessible and connected.” Amazon says that by putting “content – not apps- at the centre of the experience” it becomes “incredibly easy to find something to watch, including with just your voice”. “What started with the first Fire TV device in 2014 has evolved into a versatile lineup of devices, from Cubes to Sticks and smart TVs made by some of the world’s strongest TV brands, including Panasonic, Hisense, Toshiba and TCL.” Amazon said it had sold more than 250 million Fire TV devices. In 2021 it released the Fire TV Omni Series, which was the first Amazon-built TV. The new Fire TV Omni Mini-LED Series “optimises picture quality, audio and performance to deliver Amazon’s best and most innovative TV yet”, the company claims. The Omni Mini-LED Series features a QLED Mini-LED display, and delivers up to 1,400 nits of peak brightness and up to 960 dimming zones. There is support for Dolby Vision IQ and HDR10+ Adaptive. “The lineup features built-in far-field technology so you can find apps, discover shows and movies, manage playback, and control the Fire TV Ambient Experience hands-free using just your voice with Alexa.” The TVs come in 55-inch, 65-inch, 75-inch and 85-inch. Amazon said Intelligent Picture Technology “combines artificial intelligence with the lineup’s new advanced light and colour sensors to enhance picture quality by automatically identifying, analysing and optimising scenes in real-time, fine-tuning picture details like landscapes, buildings, sports ... the TV’s sensors simultaneously detects the room’s lighting conditions, adjusting brightness and colour temperature for optimal viewing day or night”. Fire TV Soundbar Plus is a 3.1-channel all-in-one soundbar with support for Dolby Atmos, DTS:X, and DTS TruVolume, Amazon said.John Parker Romo made a 29-yard field goal to lift the Minnesota Vikings to a 30-27 overtime win against the host Chicago Bears on Sunday afternoon. Romo buried the game-winning kick in his third career game for Minnesota (9-2), which won its fourth game in a row. The score capped a 10-play, 68-yard drive for the Vikings after the Bears went three-and-out on the first overtime possession. Sam Darnold completed 22 of 34 passes for 330 yards and two touchdowns to lead the Vikings. Wideout Jordan Addison finished with eight catches for a career-high 162 yards and a touchdown. The overtime defeat spoiled an impressive performance from rookie quarterback Caleb Williams, who completed 32 of 47 passes for 340 yards and two touchdowns for Chicago (4-7). D.J. Moore had seven catches for 106 yards and a touchdown, and Keenan Allen finished with nine catches for 86 yards and a score. Chicago erased an 11-point deficit in the final 22 seconds of regulation to send the game to overtime. Romo had put Minnesota on top 27-16 when he made a 26-yard field goal with 1:56 remaining in the fourth quarter. Williams trimmed the Bears' deficit to 27-24 with 22 seconds to go. He rolled right and found Allen wide open in the end zone for a 1-yard touchdown, and moments later he fired a strike to Moore for a two-point conversion. The Bears recovered an onside kick on the next play to regain possession at their 43-yard line with 21 seconds left. Cairo Santos' onside kick bounced off the foot of Vikings tight end Johnny Mundt, and Tarvarius Moore recovered it. D.J. Moore put the Bears in field-goal position with a 27-yard reception across the middle of the field, and Santos made a 48-yarder as time expired to even the score at 27-all. Minnesota led 24-10 after three quarters. Romo made a 40-yard field goal early in the third quarter, and Aaron Jones punched in a 2-yard run with 1:22 left in the period to put the Vikings on top by two touchdowns. Addison and Jalen Nailor each had receiving touchdowns in the first half for Minnesota. Roschon Johnson scored on a 1-yard run for the Bears' only touchdown of the first half. Chicago trailed 14-10 at the break. --Field Level Media
S.Korea political upheaval shows global democracy's fragility - and resilienceTariffs could raise pricesS.Korea political upheaval shows global democracy's fragility - and resilience‘Gladiator II’ review: Are you not moderately entertained?
RALEIGH, N.C. — North Carolina Gov. Roy Cooper on Tuesday vetoed a Hurricane Helene relief bill that also included sweeping changes to the power and authority structures for several state leaders and agencies. Senate Bill 382, which lawmakers passed last week, was originally expected to primarily address ongoing disaster relief efforts for the impacts of the devastating storm that hit Western North Carolina in September. But when lawmakers unveiled the bill just hours before the first vote on it, it included far more than relief measures. Among several other changes, the Republican-drafted bill would strip the state’s next governor, Democrat Josh Stein, of the power to appoint members of the State Board of Elections and instead give the authority to the next auditor, Republican Dave Boliek. It would prevent the state’s next attorney general, Democrat Jeff Jackson, from taking positions on behalf of the state that are “contrary to or inconsistent with the position of the General Assembly,” which has Republican majorities in both chambers. The lieutenant governor and state superintendent would also lose some authority. The bill would set aside $227 million for the state’s Helene relief fund, but it does not appear to spend all of that money. It would provide $25 million to the Department of Agriculture and Consumer Services for debris removal, $2 million for technical assistance to soil and water conservation districts in affected areas and $200 million split between two separate loan programs. Cooper, a Democrat, called the bill “a sham” and said “it does not send money to Western North Carolina but merely shuffles money from one fund to another in Raleigh.” Three Republicans in the state House, all representing western parts of the state, voted against the bill. No Senate Republicans followed suit. Cooper’s veto of SB 382 marks his 12th this year, and lawmakers so far have overridden all 11 previous vetoes. Rep. Destin Hall, whom House Republicans elected last week to succeed Tim Moore as speaker of the House in the next legislative session, said last week that he was confident that his chamber would have enough votes to override Cooper’s veto of the bill, which requires a three-fifths majority. Lawmakers are expected to return to Raleigh on Monday. Non-Helene measures in bill The bill would also: •Significantly reduce the amount of time voters are given to fix issues with their provisional ballots and require counties to finish counting all provisional ballots on the third day after Election Day, a process that took nearly two weeks this year. •Make the the State Highway Patrol into a standalone department, rather than a subset of the N.C. Department of Public Safety, and require the governor’s choice for Highway Patrol commander to be approved by lawmakers. •Eliminate the positions of two Superior Court judges after their terms expire, including a Democrat who threw out two amendments to the North Carolina Constitution that voters approved in 2018 — one on voter ID and another to cap the state income tax rate. •Require the governor to fill any vacancies on the state Supreme Court and Court of Appeals from a list of people recommended by the leaving judge’s political party. •Allow donations from corporations, business entities and labor unions to be used to fund legal actions for political parties. •Shift control of the state Utilities Commission away from the governor. •Require an extra step before the attorney general’s office can intervene in matters before the Utilities Commission, such as cases over how much Duke Energy’s utilities can charge for electricity. •Prevent incoming State Superintendent of Public Instruction Mo Green, a Democrat, from appealing decisions made by the N.C. Charter School Review Board. Cooper criticized those measures and others in the bill on Tuesday, saying the legislation “plays politics.” “This legislation was titled disaster relief but instead violates the constitution by taking appointments away from the next Governor for the Board of Elections, Utilities Commission and Commander of the NC Highway Patrol, letting political parties choose appellate judges and interfering with the Attorney General’s ability to advocate for lower electric bills for consumers,” he said in a statement. Cooper also noted that the bill did not provide grants for small businesses in the disaster-affected counties, calling the move a “cruel blow.” Local business owners and officials from Western North Carolina had advocated for state legislators to fund grants over loans, with Buncombe County Democratic Rep. Eric Ager noting in a press conference last week that it could be difficult for businesses to pay back loans. Ager and other Democratic legislators from the western part of the state criticized the bill for its relative lack of Helene-related funding combined with the additional measures it included. Democratic Rep. Julie Mayfield, also of Buncombe County, questioned why the Helene measures weren’t included in their own bill, separate from the other provisions. Hall told reporters the measures were combined into a single bill because the state had already provided “about a billion dollars in Helene relief.” Lawmakers previously appropriated about $877 million for Helene recovery in two separate relief bills. Republican Sen. Ralph Hise, who represents several counties in Western North Carolina, said during floor debate over SB 382 last week that considering additional funding measures in December would depend on congressional actions. ---------- Reporters Luciana Perez Uribe Guinassi, Adam Wagner, Kyle Ingram, Avi Bajpai and Dawn Baumgartner Vaughan contributed. -------- ©2024 The Charlotte Observer. Visit at charlotteobserver.com . Distributed by Tribune Content Agency, LLC.Historically, Israel has maintained a small standing army, relying on reservists to fill out its ranks during a series of short-lived wars. But the October 7 operation, thrust Israel into the longest conflict in its history. In the early months of the war, about 350,000 Israelis were called up, a staggering figure in a region of less than 10 million. The losses, too, have been unprecedented. More than 800 soldiers have been killed since October 2023. “Wherever you look — the economic crisis, the toll on the reservists and their families, and of course the dead and the wounded — Israeli society is definitely at the edge of its capacity,” said Gayil Talshir, a political analyst at Hebrew University. The military, facing a possible shortage of troops, is planning to extend mandatory service in the standing army and increase the maximum age for reservists. Many soldiers are already at their breaking point. A reservist in the special forces who has served for nearly 300 days over the past year said that his 12-man unit is down to five after seven refused to show up. He spoke on the condition of anonymity in compliance with military protocol. “We never imagined a war that would be going so deep and going for so long,” he said. “And also, that there’s no one to replace us.” 9341**2050
The Catholic Archbishop of Sokoto Diocese, Matthew Kukah , has said that President Bola Tinubu, his predecessor Muhammadu Buhari, and other previous heads of state were not fully prepared before taking over power. He insisted that Tinubu and other past leaders found themselves in power by accident. Kukah stated this on Sunday while delivering a keynote address at the official commissioning of Start-Rite School’s new building and the 4th Amaka Ndoma-Egba Memorial Lecture in Abuja. He lamented that the fundamental element missing in Nigerian leadership is knowledge. The clergyman expressed concern that democracy appears to be malfunctioning under successive administrations. He stated, “ If we are to start from the beginning, you will find that almost every leader who came to power in Nigeria did so as a result of one accident or another. President Tinubu, who said he was prepared for the role, is struggling. We are still trying to get off the ground. He took over from Buhari, who had already given up. “Buhari succeeded Jonathan, who thought he would retire after being deputy governor, but circumstances thrust him into power. Jonathan succeeded Yar’Adua, who had planned to return to teaching at Ahmadu Bello University after his governorship. “Yar’Adua, in turn, succeeded Obasanjo, who was unexpectedly released from prison to become president. Obasanjo took over after Abacha, who was being positioned by five political parties to rule indefinitely until nature intervened. “Abacha succeeded Shonekan, who was a business executive at UAC before being called to serve as Head of State. We can go on and on, but the fundamental issue in governance is knowledge. Leaders need a deep understanding of their environment.” Kukah stressed that while the world has changed, the expectations of leadership have not.How to spot a loan shark: Crucial warning signs every borrower must knowSuper Micro Computer ( SMCI 11.62% ) has taken investors on quite the roller coaster ride in 2024. It started the year at around $28 per share, then rocketed up to nearly $120 in March. It has since given up all of those gains and now trades back at the mark it started the year at, although it dipped to around $21 just a few days ago. That is whiplash that most investors don't expect to see, but there is a good reason for the rise and fall of Supermicro (as the company is often called for short). With the stock now down around 75% from its all-time high, could it be set for a comeback story in 2025? AI demand caused Super Micro Computer's business to boom Supermicro makes components for data centers and computing servers and also sells full servers. One of its selling points is that it makes liquid-cooled servers, which are vastly more energy efficient and reduce the size of the room they need to be placed in because they do not need the same amount of airflow as traditional servers. These advantages caused demand for its products to skyrocket throughout 2024 as companies raced to build out computing power to capture the gigantic artificial intelligence (AI) demand. As a result, revenue soared in 2024, with many quarters of more than 100% growth. SMCI revenue (TTM) data by YCharts; TTM = trailing 12 months. That is, if you can trust what management told you. While part of Supermicro's fall from grace came from having risen too far, too fast, the largest part of its tumble came from accounting fraud allegations. Can you trust what management tells you? It all started when famed short-seller Hindenburg Research released a short report on Supermicro. Short-sellers make money when the stock price goes down, so their intentions aren't always pure, and Hindenburg has had a few swings and misses. Its short report centered around accounting malpractice, something for which Supermicro was fined by the Securities and Exchange Commission in 2020 due to accounting issues in 2018. The day after Hindenburg's report, Supermicro issued a press release stating that it is delaying its end-of-year form 10-K to assess "the design and operating effectiveness of its internal controls over financial reporting." The combination of those two news reports caused the stock to drop like a rock in a few days. Then, the Wall Street Journal reported that the Department of Justice initiated a probe into the company, causing the stock to fall further. At this point, Supermicro's accounting practices were in question, but it was all speculation whether there were actual issues. However, Supermicro's auditor, EY (formerly Ernst & Young), resigned because it said it was "unwilling to be associated" with what management was reporting. Auditors have access to far more information than the average investor, and when they run for the hills, it may be wise to follow suit. This caused the stock to plummet even further and wipe out all of its gains for 2024. With the stock down so much, investors may be forgiven for thinking this could be an excellent value play, as the business still has significant tailwinds on the horizon thanks to AI. However, there are other considerations with the stock. Even if Supermicro's business continues to grow, there is no trust in management. As a result, many institutional investors will avoid the stock entirely, making it difficult for its stock price to rise because there isn't big money to move the price. Trusting a company's statements to investors is paramount in investing, and there's no reason to do that with Supermicro right now. A new management team could be a key factor in restoring that trust. However, with CEO Charles Liang being the founder, president, CEO, and chairman of the board, that's unlikely to happen. But there's a new chapter to Supermicro's story. It has appointed BDO, a large and respected firm, as its new auditor and has issued a plan to get its 10-K and first-quarter 10-Q forms filed in a timely manner. This news caused the stock price to pop about 30%, which could ignite a huge run-up if investors start to trust the company. However, just because there's a new auditor doesn't mean Supermicro's financials are immediately fixed. There still could be issues regarding its reporting. Super Micro Computer could be a massive comeback story in 2025. However, I still think investors are better off avoiding the stock, as there is just too much that's unknown right now, and things could get far worse before they get better. There are far better investments available than taking on substantial risk with Supermicro, and I would put my dollars in those other stocks first.
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B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP ( NYSE:SBS – Free Report ) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 70,555 shares of the utilities provider’s stock, valued at approximately $1,167,000. Other large investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 34.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,506,844 shares of the utilities provider’s stock valued at $24,923,000 after purchasing an additional 389,063 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.9% in the 1st quarter. Jane Street Group LLC now owns 332,201 shares of the utilities provider’s stock valued at $5,591,000 after purchasing an additional 187,706 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 483.2% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 226,173 shares of the utilities provider’s stock valued at $3,042,000 after purchasing an additional 187,390 shares in the last quarter. WCM Investment Management LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter valued at approximately $1,815,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,453,995 shares of the utilities provider’s stock valued at $19,556,000 after purchasing an additional 108,500 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds. Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 1.4 % Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $16.90 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.35 and a current ratio of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $13.10 and a 52-week high of $18.36. The firm has a 50 day moving average price of $16.40 and a two-hundred day moving average price of $15.82. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 6.65 and a beta of 1.16. Analyst Ratings Changes Get Our Latest Stock Analysis on Companhia de Saneamento Básico do Estado de São Paulo – SABESP About Companhia de Saneamento Básico do Estado de São Paulo – SABESP ( Free Report ) Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State. Further Reading Receive News & Ratings for Companhia de Saneamento Básico do Estado de São Paulo - SABESP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de Saneamento Básico do Estado de São Paulo - SABESP and related companies with MarketBeat.com's FREE daily email newsletter .
McGhie scores 27, UC San Diego downs La Salle 72-67