BTG Pactual Asset Management US LLC Has $4.78 Million Stock Position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• BTG Pactual Asset Management US LLC increased its SABESP position by 419.6% in the second quarter, holding 827,173 shares valued at approximately $4.78 million. Institutional investors and hedge funds collectively own 10.62% of the stock.
• Analyst sentiment remains positive overall, with two Buy ratings and one Hold rating, resulting in a “Moderate Buy” consensus and an average price target of $183.00; however, several firms recently downgraded their ratings.
• SABESP reported quarterly EPS of $0.07 and revenue of $1.16 billion, both below analyst expectations. The stock opened at $4.86, compared with a 52-week range of $4.38 to $7.16.

BTG Pactual Asset Management US LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 419.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 827,173 shares of the utilities provider's stock after purchasing an additional 667,972 shares during the period. BTG Pactual Asset Management US LLC's holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $4,781,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Arax Advisory Partners bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter worth about $26,000. Garton & Associates Financial Advisors LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter valued at about $44,000. Caitong International Asset Management Co. Ltd acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter worth about $54,000. EverSource Wealth Advisors LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 246.4% in the second quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider's stock worth $51,000 after purchasing an additional 1,666 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter worth about $86,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen downgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Weiss Ratings lowered Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Finally, Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $183.00.

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

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock opened at $4.86 on Monday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market cap of $17.10 billion, a P/E ratio of 13.63, a P/E/G ratio of 3.92 and a beta of 0.68. The business's fifty day moving average is $5.39 and its two-hundred day moving average is $65.67. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 52 week low of $4.38 and a 52 week high of $7.16.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.09 by ($0.02). Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a net margin of 23.93% and a return on equity of 14.03%. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.23 billion. Equities research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 0.36 earnings per share for the current fiscal year.

About Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.

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