316,112 Shares in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Purchased by Wexford Capital LP

Wexford Capital LP bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 316,112 shares of the utilities provider's stock, valued at approximately $5,228,000. Companhia de Saneamento Básico do Estado de São Paulo - SABESP accounts for approximately 1.3% of Wexford Capital LP's investment portfolio, making the stock its 19th largest holding.

Several other hedge funds also recently modified their holdings of the business. State Street Corp lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% in the 3rd quarter. State Street Corp now owns 470,822 shares of the utilities provider's stock valued at $7,787,000 after purchasing an additional 61,874 shares during the period. Quantinno Capital Management LP increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% in the third quarter. Quantinno Capital Management LP now owns 13,336 shares of the utilities provider's stock valued at $221,000 after purchasing an additional 1,751 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 334.0% in the third quarter. Point72 Asset Management L.P. now owns 143,658 shares of the utilities provider's stock valued at $2,376,000 after buying an additional 110,558 shares during the period. Paloma Partners Management Co bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the third quarter worth about $425,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth about $247,000. Institutional investors own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Down 3.9 %

SBS stock traded down $0.60 during midday trading on Friday, hitting $14.97. 465,298 shares of the company's stock were exchanged, compared to its average volume of 896,454. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a one year low of $13.10 and a one year high of $18.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The company has a market cap of $10.23 billion, a PE ratio of 5.90 and a beta of 1.14. The stock's fifty day moving average price is $16.14 and its 200-day moving average price is $15.85.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP to a "strong-buy" rating in a research report on Sunday, October 6th. StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a report on Thursday, September 12th.

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.