American Century Companies Inc. Grows Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

American Century Companies Inc. increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 159.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,280,088 shares of the utilities provider’s stock after purchasing an additional 787,399 shares during the period. American Century Companies Inc. owned approximately 0.19% of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp worth $22,862,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SBS. Deutsche Bank AG boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 55.1% during the 4th quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider’s stock worth $89,337,000 after purchasing an additional 2,213,846 shares during the period. Citigroup Inc. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 50.6% during the 1st quarter. Citigroup Inc. now owns 2,473,310 shares of the utilities provider’s stock worth $44,173,000 after purchasing an additional 830,937 shares during the period. Northern Trust Corp boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 135.5% during the 4th quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider’s stock worth $19,734,000 after purchasing an additional 792,330 shares during the period. HighTower Advisors LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter worth about $3,536,000. Finally, Wexford Capital LP boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 57.0% during the 4th quarter. Wexford Capital LP now owns 496,169 shares of the utilities provider’s stock worth $7,110,000 after purchasing an additional 180,057 shares during the period. 10.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 2.9%

SBS stock opened at $21.9540 on Friday. The company has a market capitalization of $15.01 billion, a PE ratio of 7.60 and a beta of 0.70. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $13.87 and a 12 month high of $22.88. The firm’s 50-day moving average is $20.64 and its 200 day moving average is $19.32. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26.

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

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.