Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS Shares Sold by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. reduced its holdings in Companhia de Saneamento Basico Do Estado De Sao Paulo - Sabesp by 53.1% during the first quarter, now owning 31,561 shares worth $564,000.
• Companhia de Saneamento Basico Do Estado De Sao Paulo - Sabesp has a market capitalization of $15.82 billion and a current P/E ratio of 8.01.
• Analysts have mixed views on the stock, with Zacks upgrading it to a "strong-buy" rating, while another firm downgraded it to a "hold" rating.

Graham Capital Management L.P. lessened its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 53.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,561 shares of the utilities provider's stock after selling 35,764 shares during the quarter. Graham Capital Management L.P.'s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 182.6% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 29,828 shares of the utilities provider's stock valued at $533,000 after acquiring an additional 19,274 shares during the last quarter. Itau Unibanco Holding S.A. grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 62.4% in the 1st quarter. Itau Unibanco Holding S.A. now owns 579,489 shares of the utilities provider's stock valued at $10,073,000 after acquiring an additional 222,724 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 5.5% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 57,023 shares of the utilities provider's stock valued at $1,018,000 after acquiring an additional 2,995 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 1st quarter valued at $2,237,000. Finally, Gitterman Wealth Management LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 1st quarter valued at $219,000. Institutional investors own 10.62% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SBS. Zacks Research raised 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 cut Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th. Two investment 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".

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

NYSE SBS traded up $0.28 during trading hours on Wednesday, reaching $23.10. The company's stock had a trading volume of 630,134 shares, compared to its average volume of 1,047,616. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a fifty-two week low of $13.87 and a fifty-two week high of $23.37. The stock has a market cap of $15.79 billion, a PE ratio of 7.99 and a beta of 0.86. The company's 50-day moving average is $20.97 and its two-hundred day moving average is $19.76.

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.