Itau Unibanco Holding S.A. Has $4.42 Million Holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Itau Unibanco Holding S.A. reduced its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 35.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,307 shares of the utilities provider’s stock after selling 149,900 shares during the quarter. Itau Unibanco Holding S.A.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $4,421,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SBS. Jane Street Group LLC raised its stake in 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 valued at $5,591,000 after purchasing an additional 187,706 shares during the last quarter. First Affirmative Financial Network raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% in the 2nd quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after buying an additional 1,069 shares in the last quarter. Simplicity Wealth LLC raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 17.2% in the 2nd quarter. Simplicity Wealth LLC now owns 19,581 shares of the utilities provider’s stock valued at $263,000 after buying an additional 2,869 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 32.1% in the 2nd quarter. Blue Trust Inc. now owns 15,890 shares of the utilities provider’s stock valued at $214,000 after buying an additional 3,861 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter valued at $95,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SBS. 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 cut shares of 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.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 1.2 %

Shares of NYSE SBS opened at $15.08 on Tuesday. The firm has a market capitalization of $10.31 billion, a PE ratio of 5.94 and a beta of 1.14. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. 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 firm’s 50-day moving average is $16.26 and its 200-day moving average is $15.86.

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.