Strategic Investment Advisors MI Makes New $147,000 Investment in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Strategic Investment Advisors MI acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,283 shares of the utilities provider’s stock, valued at approximately $147,000.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at $45,000. Advisors Asset Management Inc. boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 911 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock worth $125,000 after buying an additional 3,324 shares during the last quarter. Inspire Advisors LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter worth approximately $166,000. Finally, Ballentine Partners LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth approximately $145,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Wall Street Analysts Forecast Growth

SBS has been the subject of a number of recent research reports. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research note on Sunday, October 6th. StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Friday, December 27th.

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

Shares of NYSE SBS opened at $16.20 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a one year low of $13.10 and a one year high of $18.36. The firm has a market capitalization of $11.07 billion, a P/E ratio of 6.38 and a beta of 1.13. The company’s fifty day moving average is $15.15 and its two-hundred day moving average is $16.01.

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

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.