UBS Group AG Boosts Stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

UBS Group AG raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Get Rating) by 61.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,845 shares of the utilities provider’s stock after purchasing an additional 110,942 shares during the quarter. UBS Group AG’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $2,658,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 79.0% in the 1st quarter. Captrust Financial Advisors now owns 5,068 shares of the utilities provider’s stock valued at $50,000 after buying an additional 2,237 shares in the last quarter. Signaturefd LLC lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 13.9% during the 3rd quarter. Signaturefd LLC now owns 7,513 shares of the utilities provider’s stock worth $68,000 after acquiring an additional 914 shares during the period. ExodusPoint Capital Management LP acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the second quarter worth $83,000. Fox Run Management L.L.C. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter valued at about $90,000. Finally, SG Americas Securities LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter valued at approximately $91,000. Institutional investors and hedge funds own 12.57% of the company’s stock.

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

SBS stock opened at $9.88 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.45 and a debt-to-equity ratio of 0.62. The firm has a fifty day moving average price of $10.45 and a two-hundred day moving average price of $10.36. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $7.45 and a 1-year high of $12.04.

Analysts Set New Price Targets

Several equities analysts have weighed in on SBS shares. TheStreet raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “c” rating to a “b” rating in a research report on Friday, December 9th. StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a report on Friday.

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

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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.