Mackenzie Financial Corp Has $79.67 Million Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Mackenzie Financial Corp lessened its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,231,324 shares of the utilities provider's stock after selling 750,051 shares during the quarter. Mackenzie Financial Corp's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $79,673,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in SBS. Raymond James & Associates increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.3% in the 1st quarter. Raymond James & Associates now owns 119,987 shares of the utilities provider's stock valued at $1,179,000 after purchasing an additional 4,920 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 21.8% in the 1st quarter. American Century Companies Inc. now owns 151,347 shares of the utilities provider's stock valued at $1,488,000 after purchasing an additional 27,118 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 32,850.0% in the 1st quarter. Citigroup Inc. now owns 65,900 shares of the utilities provider's stock valued at $647,000 after purchasing an additional 65,700 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3.0% in the 1st quarter. Bank of Montreal Can now owns 122,759 shares of the utilities provider's stock valued at $1,155,000 after purchasing an additional 3,628 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.7% in the 1st quarter. Great West Life Assurance Co. Can now owns 216,395 shares of the utilities provider's stock valued at $2,266,000 after acquiring an additional 29,324 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

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

NYSE SBS traded down $0.36 during trading hours on Tuesday, reaching $15.16. The company's stock had a trading volume of 635,227 shares, compared to its average volume of 852,066. The stock has a market cap of $10.36 billion, a PE ratio of 17.63, a PEG ratio of 0.93 and a beta of 1.23. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a fifty-two week low of $8.75 and a fifty-two week high of $17.14. The company's 50-day moving average is $16.05 and its two-hundred day moving average is $14.60. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.99 and a current ratio of 1.01.

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.