XTX Topco Ltd Makes New Investment in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

XTX Topco Ltd bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 20,451 shares of the utilities provider’s stock, valued at approximately $275,000.

Other institutional investors have also bought and sold shares of the company. Goldman Sachs Group Inc. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 46.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,257,167 shares of the utilities provider’s stock worth $49,607,000 after purchasing an additional 1,034,319 shares in the last quarter. Jane Street Group LLC lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 129.9% in the 1st quarter. Jane Street Group LLC now owns 332,201 shares of the utilities provider’s stock worth $5,591,000 after purchasing an additional 187,706 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter worth approximately $881,000. Sei Investments Co. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter worth approximately $563,000. Finally, Campbell & CO Investment Adviser LLC lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 328.0% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 48,826 shares of the utilities provider’s stock worth $744,000 after purchasing an additional 37,418 shares in the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, 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 report on Thursday, September 12th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 1.3 %

Shares of NYSE SBS opened at $16.56 on Friday. The company has a 50 day simple moving average of $16.89 and a 200-day simple moving average of $15.75. The company has a market capitalization of $11.32 billion, a P/E ratio of 15.62 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $11.29 and a 1 year high of $18.36.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last announced its quarterly earnings results on Thursday, August 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $1.30 billion during the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 15.00% and a return on equity of 13.34%. On average, equities research analysts predict that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.06 earnings per share for the current year.

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.