Alliancebernstein L.P. Has $15.08 Million Position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• Alliancebernstein L.P. has reduced its stake in Companhia de Saneamento Basico do Estado de Sao Paulo - Sabesp by 4.8%, now holding approximately 0.12% of the company, valued at $15.08 million.
• In contrast, Citigroup Inc. has significantly increased its stake by 50.6%, owning 2,473,310 shares worth about $44.17 million as of the last quarter.
• Analysts currently have a consensus rating of "Strong Buy" for Sabesp, reflecting a positive outlook despite differing ratings from individual analysts.

Alliancebernstein L.P. decreased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 844,356 shares of the utilities provider's stock after selling 42,910 shares during the quarter. Alliancebernstein L.P. owned about 0.12% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $15,080,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. First Affirmative Financial Network increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3.3% during the 1st quarter. First Affirmative Financial Network now owns 17,932 shares of the utilities provider's stock worth $320,000 after acquiring an additional 565 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 2.7% during the 4th quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock worth $422,000 after acquiring an additional 776 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 9.3% during the 4th quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock worth $209,000 after acquiring an additional 1,237 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 7.1% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,429 shares of the utilities provider's stock worth $278,000 after acquiring an additional 1,289 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 166.0% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.

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

Shares of SBS stock traded up $0.05 on Wednesday, hitting $23.92. 1,433,345 shares of the company's stock were exchanged, compared to its average volume of 1,004,506. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 12 month low of $13.87 and a 12 month high of $24.17. The stock has a market cap of $16.35 billion, a P/E ratio of 8.28 and a beta of 0.86. The company has a 50 day moving average of $21.26 and a 200 day moving average of $20.03.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SBS. 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 analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp currently has an average 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.