Letko Brosseau & Associates Inc. Trims Stock Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Letko Brosseau & Associates Inc. lessened its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,410,690 shares of the utilities provider’s stock after selling 7,700 shares during the quarter. Letko Brosseau & Associates Inc. owned about 0.50% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $40,383,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter valued at approximately $33,000. Tower Research Capital LLC TRC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at approximately $36,000. Captrust Financial Advisors raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 79.0% in the first quarter. Captrust Financial Advisors now owns 5,068 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 2,237 shares during the period. Trium Capital LLP purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the first quarter valued at approximately $76,000. Finally, ExodusPoint Capital Management LP purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter valued at approximately $83,000.

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

Shares of NYSE:SBS remained flat at $13.14 during trading on Monday. 153,212 shares of the company’s stock traded hands, compared to its average volume of 1,494,749. The firm’s fifty day simple moving average is $12.17 and its 200 day simple moving average is $11.52. The company has a quick ratio of 0.95, a current ratio of 1.01 and a debt-to-equity ratio of 0.55. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a fifty-two week low of $8.45 and a fifty-two week high of $13.32.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in a research note on Thursday, October 5th. They issued a “hold” rating for the company.

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.