Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS Shares Sold by Amundi

Key Points

• Amundi has reduced its holdings in Companhia de Saneamento Basico do Estado de Sao Paulo - Sabesp by 12.9% in the first quarter, now owning approximately 5,880,815 shares worth $106,250,000.
• Other institutional investments include Jane Street Group increasing its stake by 150.4% and GAMMA Investing LLC boosting its position by an astonishing 3,664.0% in the same quarter.
• Analysts have mixed views with Wall Street Zen downgrading the stock to a "hold" rating, while Zacks Research upgraded it to a "strong-buy," resulting in an overall average rating of "Strong Buy."

Amundi decreased its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,880,815 shares of the utilities provider's stock after selling 871,986 shares during the period. Amundi owned about 0.86% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $106,250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Deutsche Bank AG lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 55.1% in the fourth quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock valued at $89,337,000 after purchasing an additional 2,213,846 shares during the period. Banco BTG Pactual S.A. acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter worth approximately $20,094,000. Citigroup Inc. increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 50.6% during the 1st quarter. Citigroup Inc. now owns 2,473,310 shares of the utilities provider's stock worth $44,173,000 after purchasing an additional 830,937 shares during the period. Northern Trust Corp raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 135.5% during the 4th quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider's stock worth $19,734,000 after buying an additional 792,330 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 159.8% in the 1st quarter. American Century Companies Inc. now owns 1,280,088 shares of the utilities provider's stock valued at $22,862,000 after buying an additional 787,399 shares during the period. 10.62% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of SBS traded up $0.25 on Wednesday, reaching $23.07. The stock had a trading volume of 665,755 shares, compared to its average volume of 1,047,769. The firm has a market capitalization of $15.77 billion, a PE ratio of 7.98 and a beta of 0.86. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average of $20.97 and a 200 day moving average of $19.76. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $13.87 and a twelve month high of $23.37.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Zacks Research upgraded 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. Wall Street Zen downgraded 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. Two equities research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock 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.