Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS Shares Purchased by Qtron Investments LLC

Key Points

• Qtron Investments LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 165.9%, acquiring an additional 16,595 shares, bringing its total holdings to 26,601 shares valued at $475,000.
• In addition to Qtron, other institutional investors, including Jane Street Group LLC and GAMMA Investing LLC, also significantly boosted their stakes in Sabesp during the last quarters.
• Shares of Sabesp recently opened at $21.96 and have a market capitalization of $15.01 billion, while the stock was downgraded from a "buy" to a "hold" rating by Wall Street Zen.

Qtron Investments LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 165.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,601 shares of the utilities provider's stock after acquiring an additional 16,595 shares during the period. Qtron Investments LLC's holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SBS. Brooklyn Investment Group lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 166.0% during the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider's stock valued at $40,000 after acquiring an additional 1,394 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter valued at approximately $44,000. Headlands Technologies LLC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter valued at approximately $54,000. Farther Finance Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1,451.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider's stock valued at $69,000 after acquiring an additional 3,571 shares during the period. Finally, Rossby Financial LCC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter valued at approximately $141,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Up 2.9%

Shares of NYSE:SBS traded up $0.6240 during midday trading on Friday, hitting $21.9540. 830,363 shares of the company's stock traded hands, compared to its average volume of 1,314,117. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $15.01 billion, a PE ratio of 7.60 and a beta of 0.70. The firm's fifty day moving average price is $20.64 and its two-hundred day moving average price is $19.30. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $13.87 and a twelve month high of $22.88.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of 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. One investment analyst has 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 a consensus 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.