Fmr LLC Lowers Stock Holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Fmr LLC reduced its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 58.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,497 shares of the utilities provider’s stock after selling 189,903 shares during the period. Fmr LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $2,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth $45,000. Advisors Asset Management Inc. boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after buying an additional 911 shares during the period. Summit Securities Group LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the second quarter worth $95,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% during the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock worth $125,000 after buying an additional 3,324 shares during the period. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the second quarter worth $155,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SBS shares. StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. The Goldman Sachs Group upgraded 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 Trading Down 1.4 %

NYSE:SBS opened at $14.75 on Friday. The firm has a market cap of $10.08 billion, a PE ratio of 5.81 and a beta of 1.14. The stock has a fifty day moving average price of $16.00 and a 200 day moving average price of $15.88. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $13.10 and a 12-month high of $18.36. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

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

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.