Ativo Capital Management LLC Makes New Investment in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• Ativo Capital Management LLC purchased 74,051 shares of Companhia de Saneamento Basico Do Estado De Sao Paulo - Sabesp, valued at approximately $1,627,000, making it the company's 24th biggest position.
• Several institutional investors have increased their stakes in Companhia de Saneamento Basico, with GAMMA Investing LLC boosting its stake by 42.7% and Brooklyn Investment Group increasing by 166.0% in recent quarters.
• Companhia de Saneamento Basico has received favorable ratings from analysts, including a "strong-buy" upgrade from Zacks Research, indicating positive sentiment towards the stock.

Ativo Capital Management LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 74,051 shares of the utilities provider's stock, valued at approximately $1,627,000. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp makes up about 1.5% of Ativo Capital Management LLC's holdings, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 42.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider's stock valued at $41,000 after purchasing an additional 552 shares in the last quarter. Brooklyn Investment Group boosted its position in 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 buying an additional 1,394 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the first quarter valued at about $44,000. Parallel Advisors LLC boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 88.2% during the second quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider's stock valued at $63,000 after buying an additional 1,352 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the first quarter valued at about $54,000. Hedge funds and other institutional investors own 10.62% of the company's stock.

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

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock opened at $22.64 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.69. The firm has a 50-day moving average of $22.77 and a 200-day moving average of $20.93. The firm has a market cap of $15.47 billion, a P/E ratio of 7.83 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 $25.07.

Wall Street Analyst Weigh In

SBS has been the subject of several analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in a report on Wednesday, October 8th. Zacks Research upgraded 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. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp currently has an average rating of "Strong Buy".

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.

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