Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 4.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 844,356 shares of the utilities provider’s stock after selling 42,910 shares during the quarter. Alliancebernstein L.P.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $15,080,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 150.4% during the 4th quarter. Jane Street Group LLC now owns 33,876 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 20,349 shares during the period. Handelsbanken Fonder AB acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter valued at approximately $803,000. GAMMA Investing LLC boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 3,664.0% during the 1st quarter. GAMMA Investing LLC now owns 23,111 shares of the utilities provider’s stock valued at $413,000 after purchasing an additional 22,497 shares during the period. Cetera Investment Advisers acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter valued at approximately $218,000. Finally, Northern Trust Corp boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.1% during the 1st quarter. Northern Trust Corp now owns 1,446,698 shares of the utilities provider’s stock valued at $25,838,000 after purchasing an additional 69,612 shares during the period. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 2.0%

SBS opened at $23.58 on Friday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $13.87 and a one year high of $23.64. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s fifty day moving average is $21.04 and its 200-day moving average is $19.83. The company has a market capitalization of $16.12 billion, a PE ratio of 8.16 and a beta of 0.86.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SBS shares. Wall Street Zen lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp currently has a consensus rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.