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 trimmed its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,880,815 shares of the utilities provider's stock after selling 871,986 shares during the period. Amundi owned approximately 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.

Several other large investors have also made changes to their positions in the business. Jane Street Group LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 150.4% during the fourth quarter. Jane Street Group LLC now owns 33,876 shares of the utilities provider's stock worth $485,000 after purchasing an additional 20,349 shares during the last quarter. Handelsbanken Fonder AB acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter worth about $803,000. GAMMA Investing LLC grew 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 purchasing an additional 22,497 shares during the period. Cetera Investment Advisers purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter valued at about $218,000. Finally, Northern Trust Corp lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 5.1% in the 1st quarter. Northern Trust Corp now owns 1,446,698 shares of the utilities provider's stock valued at $25,838,000 after buying an additional 69,612 shares during the period. 10.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen lowered 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. Zacks Research raised 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. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp currently has a consensus rating of "Strong Buy".

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

SBS traded up $0.47 during trading on Thursday, hitting $23.58. The company's stock had a trading volume of 1,971,023 shares, compared to its average volume of 963,572. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 8.16 and a beta of 0.86. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $13.87 and a twelve month high of $23.64. The business's fifty day simple moving average is $21.04 and its 200 day simple moving average is $19.83. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.69.

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.