World Investment Advisors LLC Buys Shares of 90,823 Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

World Investment Advisors LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 90,823 shares of the utilities provider's stock, valued at approximately $1,502,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Daiwa Securities Group Inc. boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 63.4% in the third quarter. Daiwa Securities Group Inc. now owns 92,800 shares of the utilities provider's stock worth $1,535,000 after acquiring an additional 36,000 shares in the last quarter. Citigroup Inc. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4,931.7% in the third quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider's stock valued at $20,119,000 after buying an additional 1,192,198 shares during the last quarter. Pitcairn Co. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the third quarter worth about $1,016,000. Dynamic Technology Lab Private Ltd acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 3rd quarter valued at about $966,000. Finally, Sequoia Financial Advisors LLC lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 13.4% during the third quarter. Sequoia Financial Advisors LLC now owns 16,709 shares of the utilities provider's stock worth $276,000 after purchasing an additional 1,980 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Performance

Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded down $0.21 during midday trading on Friday, hitting $14.75. The company's stock had a trading volume of 625,390 shares, compared to its average volume of 894,231. The company has a market cap of $10.08 billion, a price-to-earnings ratio of 5.81 and a beta of 1.14. The company has a 50-day moving average price of $16.00 and a two-hundred day moving average price of $15.88. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1-year low of $13.10 and a 1-year high of $18.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.

Wall Street Analysts Forecast Growth

SBS has been the subject of a number of recent analyst reports. StockNews.com downgraded 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. The Goldman Sachs Group upgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP to a "strong-buy" rating in a research note on Sunday, October 6th.

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.