Cetera Investment Advisers Sells 5,091 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Cetera Investment Advisers reduced its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 33.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,133 shares of the utilities provider’s stock after selling 5,091 shares during the period. Cetera Investment Advisers’ holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $181,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1,451.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 3,571 shares during the last quarter. Rossby Financial LCC bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 1st quarter worth about $141,000. Anchor Pointe Wealth Management LLC bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth about $144,000. Guggenheim Capital LLC bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth about $153,000. Finally, Capital Advisors Inc. OK bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 1st quarter worth about $214,000. 10.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the company presently has an average rating of “Strong Buy”.

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

SBS stock opened at $21.9540 on Friday. The company has a market capitalization of $15.01 billion, a P/E ratio of 7.60 and a beta of 0.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 52-week low of $13.87 and a 52-week high of $22.88. The business has a 50-day simple moving average of $20.64 and a two-hundred day simple moving average of $19.30.

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

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.