Ballentine Partners LLC Buys Shares of 9,991 Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Ballentine Partners LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,991 shares of the utilities provider’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 166.0% during the first quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock valued at $40,000 after buying an additional 1,394 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% during the second quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock valued at $41,000 after buying an additional 552 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter valued at approximately $44,000. Headlands Technologies LLC bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter valued at approximately $54,000. Finally, Parallel Advisors LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% during the second quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock valued at $63,000 after buying an additional 1,352 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 1.7%

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $24.43 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of 8.45 and a beta of 0.86. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $13.87 and a 1 year high of $25.00. The firm’s 50 day moving average price is $21.96 and its two-hundred day moving average price is $20.53.

Analysts Set New Price Targets

Separately, Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

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.