Public Employees Retirement System of Ohio Takes Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Public Employees Retirement System of Ohio acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 44,305 shares of the utilities provider's stock, valued at approximately $733,000.

A number of other hedge funds have also recently modified their holdings of SBS. Orion Portfolio Solutions LLC increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 38.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 70,152 shares of the utilities provider's stock valued at $1,160,000 after purchasing an additional 19,395 shares during the period. XTX Topco Ltd boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 152.5% during the 3rd quarter. XTX Topco Ltd now owns 51,644 shares of the utilities provider's stock valued at $854,000 after purchasing an additional 31,193 shares in the last quarter. Wexford Capital LP purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the third quarter valued at about $5,228,000. State Street Corp increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% during the third quarter. State Street Corp now owns 470,822 shares of the utilities provider's stock valued at $7,787,000 after buying an additional 61,874 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% in the third quarter. Quantinno Capital Management LP now owns 13,336 shares of the utilities provider's stock worth $221,000 after buying an additional 1,751 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Up 1.3 %

Shares of SBS stock traded up $0.18 during mid-day trading on Friday, reaching $14.35. 1,911,457 shares of the company's stock traded hands, compared to its average volume of 1,052,895. The company's 50-day moving average price is $15.86 and its 200-day moving average price is $15.87. The company has a market cap of $9.81 billion, a P/E ratio of 5.65 and a beta of 1.14. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. 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.

Analyst Upgrades and Downgrades

Several analysts have weighed in on SBS shares. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo - SABESP to a "strong-buy" rating in a research report on Sunday, October 6th. StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a research report on Wednesday.

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.