Wellington Management Group LLP Sells 51,269 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Wellington Management Group LLP trimmed its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 22.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,958 shares of the utilities provider's stock after selling 51,269 shares during the quarter. Wellington Management Group LLP's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $2,894,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Summit Securities Group LLC purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the second quarter worth about $95,000. Helikon Investments Ltd bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 2nd quarter worth approximately $297,000. Maryland State Retirement & Pension System raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 1.1% during the 2nd quarter. Maryland State Retirement & Pension System now owns 415,460 shares of the utilities provider's stock worth $5,588,000 after acquiring an additional 4,629 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.0% during the 2nd quarter. Rhumbline Advisers now owns 95,903 shares of the utilities provider's stock valued at $1,290,000 after acquiring an additional 6,233 shares during the last quarter. Finally, Acadian Asset Management LLC grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.2% in the second quarter. Acadian Asset Management LLC now owns 29,706 shares of the utilities provider's stock valued at $399,000 after purchasing an additional 1,728 shares in the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a research note on Wednesday. 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 Trading Down 5.6 %

SBS stock traded down $0.82 during midday trading on Wednesday, reaching $13.90. 1,273,621 shares of the company traded hands, compared to its average volume of 1,048,322. The firm has a market capitalization of $9.50 billion, a price-to-earnings ratio of 5.47 and a beta of 1.14. 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 business has a 50 day moving average of $15.94 and a 200-day moving average of $15.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.

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.