BTG Pactual Asset Management US LLC Has $4.78 Million Stock Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

BTG Pactual Asset Management US LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 419.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 827,173 shares of the utilities provider’s stock after acquiring an additional 667,972 shares during the period. BTG Pactual Asset Management US LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $4,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Arax Advisory Partners bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter worth about $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at approximately $44,000. GAMMA Investing LLC raised its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 430.6% in the 2nd quarter. GAMMA Investing LLC now owns 8,341 shares of the utilities provider’s stock valued at $48,000 after acquiring an additional 6,769 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 1,666 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth approximately $54,000. 10.62% of the stock is currently owned by institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.2%

Shares of SBS stock opened at $4.86 on Monday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $4.38 and a 12-month high of $7.16. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02. The firm has a fifty day moving average of $5.39 and a 200-day moving average of $65.67. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 13.63, a P/E/G ratio of 3.92 and a beta of 0.68.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02). The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.23 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 14.03% and a net margin of 23.93%. As a group, equities research analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SBS has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Finally, Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $183.00.

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

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.