Strs Ohio Acquires Shares of 1,631,700 Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• Strs Ohio has made a new investment of approximately $29.14 million in Companhia de Saneamento Basico do Estado de Sao Paulo - Sabesp, acquiring 1,631,700 shares of the company.
• Several hedge funds have adjusted their positions in SBS, with Jane Street Group increasing its holdings by 150.4% in the fourth quarter.
• Analysts have mixed opinions on SBS stock; while Zacks Research upgraded it to a strong-buy rating, Wall Street Zen downgraded it to a hold rating.

Strs Ohio bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,631,700 shares of the utilities provider's stock, valued at approximately $29,142,000. Strs Ohio owned approximately 0.24% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Ratings Changes

Several research firms have commented on SBS. Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, September 2nd. Wall Street Zen lowered shares of 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. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, 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 Up 0.1%

NYSE SBS traded up $0.04 during trading on Wednesday, reaching $23.91. 727,282 shares of the company's stock traded hands, compared to its average volume of 1,048,838. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of 8.27 and a beta of 0.86. The company's 50 day simple moving average is $21.19 and its two-hundred day simple moving average is $20.01. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 12-month low of $13.87 and a 12-month high of $24.05.

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.