Pitcairn Co. Takes Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Pitcairn Co. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 61,426 shares of the utilities provider's stock, valued at approximately $1,016,000.

Several other hedge funds also recently made changes to their positions in the stock. Sei Investments Co. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 1st quarter valued at about $563,000. Russell Investments Group Ltd. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3.3% in the 1st quarter. Russell Investments Group Ltd. now owns 53,214 shares of the utilities provider's stock worth $896,000 after purchasing an additional 1,702 shares in the last quarter. Acadian Asset Management LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 1st quarter valued at $470,000. O Shaughnessy Asset Management LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 1st quarter valued at $198,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.4% in the first quarter. CANADA LIFE ASSURANCE Co now owns 272,803 shares of the utilities provider's stock worth $4,598,000 after buying an additional 16,457 shares in the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com lowered 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. The Goldman Sachs Group raised 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 Price Performance

Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded up $0.01 during trading on Monday, hitting $16.91. 772,111 shares of the stock traded hands, compared to its average volume of 1,053,819. The stock has a market cap of $11.56 billion, a price-to-earnings ratio of 6.66 and a beta of 1.16. The firm's fifty day moving average is $16.40 and its 200-day moving average is $15.82. 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 52 week low of $13.10 and a 52 week high of $18.36.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP 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.