Sequoia Financial Advisors LLC Boosts Stock Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Sequoia Financial Advisors LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,837 shares of the utilities provider’s stock after buying an additional 616 shares during the period. Sequoia Financial Advisors LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $282,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Yousif Capital Management LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.4% during the 2nd quarter. Yousif Capital Management LLC now owns 11,115 shares of the utilities provider’s stock valued at $244,000 after buying an additional 565 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 39.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,854 shares of the utilities provider’s stock valued at $612,000 after buying an additional 7,823 shares in the last quarter. Lester Murray Antman dba SimplyRich lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 30.7% during the 2nd quarter. Lester Murray Antman dba SimplyRich now owns 19,194 shares of the utilities provider’s stock valued at $421,000 after buying an additional 4,508 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 2.1% during the 2nd quarter. Blue Trust Inc. now owns 26,468 shares of the utilities provider’s stock valued at $582,000 after buying an additional 543 shares in the last quarter. Finally, Vontobel Holding Ltd. purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter valued at about $1,746,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research raised Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

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

NYSE:SBS opened at $24.15 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $13.87 and a 1 year high of $25.07. The stock’s 50 day simple moving average is $23.17 and its two-hundred day simple moving average is $21.17. The company has a market cap of $16.51 billion, a price-to-earnings ratio of 8.36 and a beta of 0.86.

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.