Advisors Asset Management Inc. Buys 911 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Advisors Asset Management Inc. raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 33.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,613 shares of the utilities provider’s stock after buying an additional 911 shares during the period. Advisors Asset Management Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $60,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in SBS. Allspring Global Investments Holdings LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter valued at approximately $45,000. Summit Securities Group LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth $95,000. Point72 Asia Singapore Pte. Ltd. raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 3,324 shares in the last quarter. First Affirmative Financial Network raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% during the 2nd quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 1,069 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter worth $155,000. 10.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. 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. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

Shares of SBS stock opened at $15.26 on Friday. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 6.02 and a beta of 1.16. 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 company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $16.29 and its 200 day moving average is $15.86.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company 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.