Renaissance Technologies LLC Raises Stock Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Renaissance Technologies LLC boosted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 8.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,453,995 shares of the utilities provider's stock after buying an additional 108,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.21% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $19,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of SBS. Pingora Partners LLC purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at $30,000. Summit Securities Group LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the second quarter valued at about $95,000. First Affirmative Financial Network bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the first quarter valued at about $170,000. QRG Capital Management Inc. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.2% in the first quarter. QRG Capital Management Inc. now owns 11,664 shares of the utilities provider's stock worth $196,000 after buying an additional 780 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 1st quarter valued at about $198,000. 10.62% of the stock is currently owned by institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Down 2.2 %

Shares of NYSE SBS traded down $0.39 during mid-day trading on Friday, hitting $17.23. The stock had a trading volume of 2,222,498 shares, compared to its average volume of 1,077,949. The business has a 50 day moving average price of $16.72 and a two-hundred day moving average price of $15.72. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $11.29 and a 1 year high of $18.36. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.35 and a current ratio of 1.36. The firm has a market cap of $11.78 billion, a P/E ratio of 16.25 and a beta of 1.16.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.08. The firm had revenue of $1.30 billion for the quarter. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 15.00% and a return on equity of 13.34%. On average, equities analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, 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.

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.