Dynamic Technology Lab Private Ltd Makes New $966,000 Investment in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Dynamic Technology Lab Private Ltd bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 58,415 shares of the utilities provider’s stock, valued at approximately $966,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jane Street Group LLC increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.9% in the first quarter. Jane Street Group LLC now owns 332,201 shares of the utilities provider’s stock worth $5,591,000 after buying an additional 187,706 shares during the period. Pitcairn Co. bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter valued at about $1,016,000. Sequoia Financial Advisors LLC boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 16,709 shares of the utilities provider’s stock valued at $276,000 after purchasing an additional 1,980 shares during the period. WCM Investment Management LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter worth about $1,815,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at approximately $196,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SBS has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th. StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Thursday, September 12th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 4.1 %

SBS stock opened at $16.40 on Thursday. The firm’s 50-day moving average is $16.38 and its two-hundred day moving average is $15.85. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $11.21 billion, a price-to-earnings ratio of 6.73 and a beta of 1.16. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $13.10 and a 52 week high of $18.36.

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.