Pitcairn Co. Purchases Shares of 61,426 Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Pitcairn Co. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 61,426 shares of the utilities provider’s stock, valued at approximately $1,016,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter worth approximately $45,000. Advisors Asset Management Inc. lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after buying an additional 911 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 2nd quarter worth approximately $95,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock worth $125,000 after buying an additional 3,324 shares in the last quarter. Finally, First Affirmative Financial Network lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% during the 2nd quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock worth $150,000 after buying an additional 1,069 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 1.4 %

NYSE:SBS opened at $16.90 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $11.55 billion, a PE ratio of 6.65 and a beta of 1.16. The firm’s 50 day moving average is $16.40 and its 200 day moving average is $15.82. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $13.10 and a 12 month high of $18.36.

Analyst Ratings Changes

SBS has been the topic of several recent analyst reports. 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. The Goldman Sachs Group raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th.

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.