Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Hits New 12-Month High - Time to Buy?

Key Points

• Companhia de Saneamento Basico do Estado de São Paulo - Sabesp achieved a new 52-week high, reaching $22.42 per share, a significant increase from its previous close of $20.31.
• The company had a net margin of 28.70% and reported $0.37 earnings per share for the last quarter, missing analysts' expectations of $0.38.
• Wall Street analysts have downgraded Sabesp from a "buy" to a "hold" rating, which may impact investor sentiment moving forward.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.33 and last traded at $22.42, with a volume of 278702 shares traded. The stock had previously closed at $20.31.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded 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.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Price Performance

The stock has a market cap of $14.76 billion, a P/E ratio of 7.47 and a beta of 0.70. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 0.69. The company's fifty day simple moving average is $20.57 and its 200-day simple moving average is $19.13.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Several large investors have recently made changes to their positions in SBS. Jane Street Group LLC lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 150.4% during the 4th quarter. Jane Street Group LLC now owns 33,876 shares of the utilities provider's stock worth $485,000 after buying an additional 20,349 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter worth about $803,000. GAMMA Investing LLC lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3,664.0% during the 1st quarter. GAMMA Investing LLC now owns 23,111 shares of the utilities provider's stock worth $413,000 after buying an additional 22,497 shares in the last quarter. Cetera Investment Advisers acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter worth about $218,000. Finally, Two Sigma Investments LP acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter worth about $1,024,000. Institutional investors own 10.62% of the company's stock.

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.