Banco BTG Pactual S.A. Buys New Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Banco BTG Pactual S.A. acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,125,071 shares of the utilities provider’s stock, valued at approximately $20,094,000. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp makes up about 5.0% of Banco BTG Pactual S.A.’s investment portfolio, making the stock its 3rd biggest position. Banco BTG Pactual S.A. owned 0.16% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SBS. Brooklyn Investment Group grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 166.0% in the first quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 1,394 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 1st quarter valued at approximately $44,000. Headlands Technologies LLC bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at $54,000. Farther Finance Advisors LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1,451.6% during the first quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider’s stock worth $69,000 after buying an additional 3,571 shares during the last quarter. Finally, Rossby Financial LCC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth $141,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 4.6%

SBS opened at $20.9550 on Wednesday. The stock has a fifty day moving average of $20.61 and a 200-day moving average of $19.22. The company has a market capitalization of $14.32 billion, a P/E ratio of 7.25 and a beta of 0.70. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $13.87 and a fifty-two week high of $22.88. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.