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 Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 349.0% in the 1st quarter. Jane Street Group LLC now owns 152,113 shares of the utilities provider's stock valued at $2,717,000 after buying an additional 118,237 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its stake 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 buying an additional 19,274 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake 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 buying an additional 222,724 shares in the last quarter. B. Metzler seel. Sohn & Co. AG lifted its stake 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 buying an additional 2,995 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 1st quarter valued at approximately $2,237,000. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Down 0.6%

NYSE SBS traded down $0.15 during trading hours on Tuesday, hitting $23.83. The company had a trading volume of 602,351 shares, compared to its average volume of 1,049,879. 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 $24.05. The company has a market capitalization of $16.29 billion, a price-to-earnings ratio of 8.25 and a beta of 0.86. 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's 50 day moving average is $21.14 and its 200 day moving average is $19.98.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SBS shares. 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 lowered 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 research analysts have 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 Company Profile

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.