American Century Companies Inc. Sells 42,695 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

American Century Companies Inc. lessened its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 9.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 396,963 shares of the utilities provider’s stock after selling 42,695 shares during the period. American Century Companies Inc. owned about 0.06% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $5,339,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SBS. Pingora Partners LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at about $30,000. Summit Securities Group LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter valued at about $95,000. First Affirmative Financial Network lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.6% in the 2nd quarter. First Affirmative Financial Network now owns 11,165 shares of the utilities provider’s stock valued at $150,000 after purchasing an additional 1,069 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.2% in the 1st quarter. QRG Capital Management Inc. now owns 11,664 shares of the utilities provider’s stock valued at $196,000 after purchasing an additional 780 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter valued at about $198,000. Institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 0.6 %

Shares of NYSE:SBS opened at $17.00 on Wednesday. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 16.04 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. The business’s 50-day moving average is $16.80 and its 200-day moving average is $15.73. 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 data on Thursday, August 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $1.30 billion for the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 13.34% and a net margin of 15.00%. 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Profile

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.