Point72 Asset Management L.P. Has $445,000 Holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Point72 Asset Management L.P. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 1,279.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,100 shares of the utilities provider’s stock after purchasing an additional 30,700 shares during the quarter. Point72 Asset Management L.P.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $445,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter valued at $95,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock worth $125,000 after purchasing an additional 3,324 shares in the last quarter. First Affirmative Financial Network bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter valued at about $170,000. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth approximately $155,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.2% during the first quarter. QRG Capital Management Inc. now owns 11,664 shares of the utilities provider’s stock worth $196,000 after purchasing an additional 780 shares during the period. Institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.2 %

SBS opened at $16.18 on Friday. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 15.26 and a beta of 1.16. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.61. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a twelve month low of $11.29 and a twelve month high of $18.36. The company has a 50-day simple moving average of $16.98 and a 200 day simple moving average of $15.79.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $1.30 billion during the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 15.00% and a return on equity of 13.34%. Analysts predict that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.13 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Profile

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.