74,051 Shares in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Bought by Ativo Capital Management LLC

Ativo Capital Management LLC bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) during the second quarter, Holdings Channel.com reports. The fund bought 74,051 shares of the utilities provider’s stock, valued at approximately $1,627,000. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp accounts for approximately 1.5% of Ativo Capital Management LLC’s investment portfolio, making the stock its 24th biggest holding.

A number of other large investors have also recently modified their holdings of SBS. Strs Ohio bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter valued at about $29,142,000. Banco BTG Pactual S.A. bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter valued at approximately $20,094,000. Citigroup Inc. boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 50.6% during the first quarter. Citigroup Inc. now owns 2,473,310 shares of the utilities provider’s stock valued at $44,173,000 after purchasing an additional 830,937 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 159.8% during the first quarter. American Century Companies Inc. now owns 1,280,088 shares of the utilities provider’s stock valued at $22,862,000 after purchasing an additional 787,399 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter valued at approximately $10,443,000. Institutional investors own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Performance

SBS stock opened at $22.64 on Tuesday. The stock has a market capitalization of $15.47 billion, a PE ratio of 7.83 and a beta of 0.86. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.69. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $13.87 and a 12-month high of $25.07. The stock’s 50 day simple moving average is $22.77 and its 200 day simple moving average is $20.93.

Analyst Ratings Changes

SBS has been the topic of a number of research reports. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. Zacks Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

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

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.