Creative Financial Designs Inc. ADV Increases Stock Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Creative Financial Designs Inc. ADV boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 373.6% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 3,159 shares of the utilities provider’s stock after acquiring an additional 2,492 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $69,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 166.0% during the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 1,394 shares during the period. GAMMA Investing LLC boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% during the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock worth $41,000 after buying an additional 552 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth $44,000. Headlands Technologies LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth $54,000. Finally, Parallel Advisors LLC boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% during the second quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock worth $63,000 after buying an additional 1,352 shares during the period. Hedge funds and other institutional investors own 10.62% of the company’s stock.

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

Shares of SBS opened at $24.88 on Tuesday. The stock has a 50-day simple moving average of $23.66 and a 200-day simple moving average of $21.62. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $17.00 billion, a PE ratio of 8.61 and a beta of 0.86. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $13.87 and a 1 year high of $25.07.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SBS. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. 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. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus 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.