Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Shares Purchased by Citigroup Inc.

Citigroup Inc. lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 4,931.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,216,372 shares of the utilities provider's stock after buying an additional 1,192,198 shares during the period. Citigroup Inc. owned about 0.18% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $20,119,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jane Street Group LLC raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 129.9% during the 1st quarter. Jane Street Group LLC now owns 332,201 shares of the utilities provider's stock worth $5,591,000 after buying an additional 187,706 shares in the last quarter. Sei Investments Co. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 1st quarter worth approximately $563,000. Sequoia Financial Advisors LLC raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 13.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,709 shares of the utilities provider's stock worth $276,000 after buying an additional 1,980 shares in the last quarter. WCM Investment Management LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth approximately $1,815,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth approximately $196,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo - SABESP to a "strong-buy" rating in a research note on Sunday, October 6th. StockNews.com downgraded 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 Price Performance

NYSE SBS traded down $0.71 during mid-day trading on Wednesday, hitting $16.40. The stock had a trading volume of 833,361 shares, compared to its average volume of 1,054,517. 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 market cap of $11.21 billion, a price-to-earnings ratio of 6.73 and a beta of 1.16. The company has a 50 day simple moving average of $16.38 and a 200 day simple moving average of $15.85. The company has a quick ratio of 1.13, a current ratio of 1.14 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.