Qtron Investments LLC Acquires 16,595 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

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 position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 165.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,601 shares of the utilities provider's stock after acquiring an additional 16,595 shares during the quarter. Qtron Investments LLC's holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SBS. Geode Capital Management LLC increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 29,349 shares of the utilities provider's stock valued at $421,000 after acquiring an additional 1,683 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 129.0% during the fourth quarter. Wells Fargo & Company MN now owns 15,899 shares of the utilities provider's stock worth $228,000 after buying an additional 8,955 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 188.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 105,648 shares of the utilities provider's stock worth $1,514,000 after buying an additional 69,048 shares in the last quarter. Guggenheim Capital LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter worth $153,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 6.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 359,581 shares of the utilities provider's stock worth $5,142,000 after buying an additional 22,589 shares in the last quarter. Institutional investors own 10.62% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded 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. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has an average rating of "Strong Buy".

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

NYSE:SBS traded up $0.6240 during trading on Friday, reaching $21.9540. The company's stock had a trading volume of 830,363 shares, compared to its average volume of 1,276,997. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of 7.60 and a beta of 0.70. 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 firm has a 50 day moving average of $20.64 and a 200-day moving average of $19.34. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 12 month low of $13.87 and a 12 month high of $22.88.

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.