109,627 Shares in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Bought by WCM Investment Management LLC

WCM Investment Management LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 109,627 shares of the utilities provider's stock, valued at approximately $1,815,000.

A number of other hedge funds have also modified their holdings of SBS. Jane Street Group LLC lifted its position 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 during the last quarter. Orion Portfolio Solutions LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the first quarter worth about $881,000. Sei Investments Co. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the first quarter worth $563,000. Sequoia Financial Advisors LLC boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 13.4% in the third 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 during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 36.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 215,544 shares of the utilities provider's stock worth $2,906,000 after acquiring an additional 57,485 shares during the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

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 $0.55 during trading on Tuesday, hitting $16.51. 847,618 shares of the company's stock traded hands, compared to its average volume of 1,060,823. The company has a market cap of $11.28 billion, a PE ratio of 13.53 and a beta of 1.16. The firm's fifty day moving average price is $16.44 and its 200 day moving average price is $15.76. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a twelve month low of $12.45 and a twelve month high of $18.36. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SBS shares. 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. StockNews.com downgraded 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.