Raiffeisen Bank International AG increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS – Free Report) by 622.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 650,000 shares of the utilities provider’s stock after acquiring an additional 560,000 shares during the period. Raiffeisen Bank International AG’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $3,776,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Arax Advisory Partners purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the fourth quarter worth $44,000. GAMMA Investing LLC raised its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 430.6% during the 2nd quarter. GAMMA Investing LLC now owns 8,341 shares of the utilities provider’s stock valued at $48,000 after buying an additional 6,769 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock valued at $51,000 after buying an additional 1,666 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth $54,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.
Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 0.8%
NYSE:SBS opened at $5.17 on Friday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $4.43 and a one year high of $7.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.47 and a quick ratio of 1.47. The company’s 50-day simple moving average is $5.34 and its 200 day simple moving average is $61.29. The firm has a market capitalization of $18.19 billion, a P/E ratio of 14.50, a PEG ratio of 4.13 and a beta of 0.67.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on SBS. Weiss Ratings downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Zacks Research lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $183.00.
View Our Latest Stock Analysis on Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp
About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp
Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.
SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.
Read More
- Five stocks we like better than Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
Want to see what other hedge funds are holding SBS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS – Free Report).
Receive News & Ratings for Companhia de saneamento Basico Do Estado De Sao 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 Basico Do Estado De Sao Paulo - Sabesp and related companies with MarketBeat.com's FREE daily email newsletter.
