12,430 Shares in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS Bought by Compound Planning Inc.

Key Points

• Compound Planning Inc. acquired 12,430 shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp, valued at approximately $222,000, indicating institutional interest in the utility provider.
• Several institutional investors have increased their stakes in Sabesp, with Brooklyn Investment Group raising its holdings by 166% during the first quarter.
• Wall Street recently downgraded Sabesp's stock from a "buy" to a "hold" rating, while the stock maintains an overall average rating of "Strong Buy."

Compound Planning Inc. acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,430 shares of the utilities provider's stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBS. Brooklyn Investment Group boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 166.0% during the first quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider's stock valued at $40,000 after purchasing an additional 1,394 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at approximately $44,000. Headlands Technologies LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at approximately $54,000. Farther Finance Advisors LLC boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1,451.6% in the first quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider's stock valued at $69,000 after acquiring an additional 3,571 shares in the last quarter. Finally, Rossby Financial LCC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at approximately $141,000. 10.62% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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 research note on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Strong Buy".

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

Shares of NYSE SBS traded down $0.60 during midday trading on Tuesday, reaching $22.06. The company had a trading volume of 986,814 shares, compared to its average volume of 1,042,715. The business's 50-day simple moving average is $20.80 and its 200 day simple moving average is $19.56. The stock has a market cap of $15.07 billion, a P/E ratio of 7.63 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 $22.88. 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 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.