Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Gap Up to $10.30

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBSGet Rating) shares gapped up before the market opened on Monday . The stock had previously closed at $10.30, but opened at $10.81. Companhia de Saneamento Básico do Estado de São Paulo – SABESP shares last traded at $10.79, with a volume of 15,558 shares traded.

Wall Street Analyst Weigh In

Several brokerages have commented on SBS. TheStreet downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “b” rating to a “c” rating in a report on Friday, September 9th. StockNews.com started coverage on Companhia de Saneamento Básico do Estado de São Paulo – SABESP in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock.

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

The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 12.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.45 and a current ratio of 1.48. The business has a 50 day moving average price of $10.40 and a 200-day moving average price of $9.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.9% in the 3rd quarter. Signaturefd LLC now owns 7,513 shares of the utilities provider’s stock valued at $68,000 after buying an additional 914 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,995 shares of the utilities provider’s stock valued at $128,000 after buying an additional 1,381 shares in the last quarter. Van ECK Associates Corp increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 69.5% in the 1st quarter. Van ECK Associates Corp now owns 3,590 shares of the utilities provider’s stock valued at $35,000 after buying an additional 1,472 shares in the last quarter. Atlas Capital Advisors LLC increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 11.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 16,502 shares of the utilities provider’s stock valued at $132,000 after buying an additional 1,660 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,411 shares of the utilities provider’s stock valued at $328,000 after buying an additional 1,980 shares in the last quarter. 12.65% of the stock is owned by institutional investors and hedge funds.

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

(Get Rating)

Companhia de Saneamento Básico do Estado de São Paulo – SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

Recommended Stories

Receive News & Ratings for Companhia de Saneamento Básico do Estado de São Paulo - SABESP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Companhia de Saneamento Básico do Estado de São Paulo - SABESP and related companies with MarketBeat.com's FREE daily email newsletter.