Vontobel Holding Ltd. Takes Position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Vontobel Holding Ltd. acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,451 shares of the utilities provider's stock, valued at approximately $1,746,000.

Several other institutional investors and hedge funds have also made changes to their positions in SBS. GAMMA Investing LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3,664.0% in the first quarter. GAMMA Investing LLC now owns 23,111 shares of the utilities provider's stock valued at $413,000 after acquiring an additional 22,497 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1,451.6% in the first 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 in the last quarter. Handelsbanken Fonder AB purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at $803,000. QRG Capital Management Inc. lifted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 12.2% during the first quarter. QRG Capital Management Inc. now owns 14,452 shares of the utilities provider's stock worth $258,000 after buying an additional 1,568 shares during the period. Finally, Blue Trust Inc. boosted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 38.3% in the 1st quarter. Blue Trust Inc. now owns 25,925 shares of the utilities provider's stock worth $463,000 after buying an additional 7,184 shares during the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have 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. Weiss Ratings reissued a "buy (b)" rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. 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

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock opened at $22.24 on Friday. The stock's 50-day moving average is $22.71 and its 200-day moving average is $20.88. The company has a market cap of $15.20 billion, a price-to-earnings ratio of 7.70 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. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 12 month low of $13.87 and a 12 month high of $25.07.

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.

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