154,370 Shares in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Purchased by BTG Pactual Global Asset Management Ltd

BTG Pactual Global Asset Management Ltd purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 154,370 shares of the utilities provider’s stock, valued at approximately $1,828,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,995 shares of the utilities provider’s stock worth $128,000 after acquiring an additional 1,381 shares during the last quarter. Citigroup Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.0% in the second quarter. Citigroup Inc. now owns 12,184 shares of the utilities provider’s stock worth $144,000 after acquiring an additional 1,400 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.4% in the first quarter. Ameriprise Financial Inc. now owns 26,711 shares of the utilities provider’s stock worth $267,000 after acquiring an additional 1,595 shares during the last quarter. Atlas Capital Advisors LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 11.2% in the second quarter. Atlas Capital Advisors LLC now owns 16,502 shares of the utilities provider’s stock worth $132,000 after acquiring an additional 1,660 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.4% in the second quarter. National Bank of Canada FI now owns 40,068 shares of the utilities provider’s stock worth $474,000 after acquiring an additional 1,696 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Companhia de Saneamento Básico do Estado de São Paulo – SABESP in a report on Thursday, October 5th. They set a “hold” rating on the stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

Shares of SBS traded down $0.17 during mid-day trading on Friday, reaching $13.14. 781,381 shares of the company’s stock traded hands, compared to its average volume of 1,263,298. The business’s 50-day moving average price is $12.17 and its 200-day moving average price is $11.51. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.95 and a current ratio of 1.01. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $8.45 and a 12 month high of $13.32.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Profile

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.