Impax Asset Management Group plc Sells 1,610,157 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Impax Asset Management Group plc reduced its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,135,419 shares of the utilities provider's stock after selling 1,610,157 shares during the period. Companhia de Saneamento Básico do Estado de São Paulo - SABESP makes up about 1.1% of Impax Asset Management Group plc's portfolio, making the stock its 28th biggest holding. Impax Asset Management Group plc's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $275,471,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth approximately $36,000. Blue Trust Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 316.6% during the 4th quarter. Blue Trust Inc. now owns 2,687 shares of the utilities provider's stock worth $41,000 after purchasing an additional 2,042 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 79.0% during the 1st quarter. Captrust Financial Advisors now owns 5,068 shares of the utilities provider's stock worth $50,000 after purchasing an additional 2,237 shares during the last quarter. Trium Capital LLP acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 1st quarter worth approximately $76,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 2nd quarter worth approximately $83,000. 10.62% of the stock is owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

NYSE SBS traded up $0.18 during midday trading on Tuesday, hitting $16.94. The company had a trading volume of 565,881 shares, compared to its average volume of 870,865. The company has a market capitalization of $11.58 billion, a PE ratio of 19.70, a P/E/G ratio of 0.98 and a beta of 1.23. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average price of $16.06 and a 200-day moving average price of $14.46. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a twelve month low of $8.75 and a twelve month high of $17.14.

About Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.