Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System cut its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 557,685 shares of the utilities provider’s stock after selling 25,398 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $12,252,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Brooklyn Investment Group grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 166.0% in the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock worth $40,000 after acquiring an additional 1,394 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock worth $41,000 after acquiring an additional 552 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 1st quarter worth $44,000. Headlands Technologies LLC acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 1st quarter worth $54,000. Finally, Parallel Advisors LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% in the 2nd quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 1,352 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Performance

Shares of SBS stock opened at $23.14 on Thursday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $13.87 and a 1-year high of $25.07. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $15.82 billion, a price-to-earnings ratio of 8.01 and a beta of 0.86. The stock’s fifty day simple moving average is $22.58 and its 200-day simple moving average is $20.79.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SBS. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

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.