Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 36.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,666 shares of the utilities provider’s stock after purchasing an additional 7,421 shares during the quarter. Geode Capital Management LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $458,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Citigroup Inc. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% in the 3rd quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider’s stock worth $20,119,000 after purchasing an additional 1,192,198 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 506.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 923,414 shares of the utilities provider’s stock worth $15,273,000 after buying an additional 771,128 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 34.8% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,506,844 shares of the utilities provider’s stock worth $24,923,000 after buying an additional 389,063 shares in the last quarter. Wexford Capital LP acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter valued at approximately $5,228,000. Finally, Cubist Systematic Strategies LLC raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 483.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 226,173 shares of the utilities provider’s stock valued at $3,042,000 after acquiring an additional 187,390 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.1 %

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $14.35 on Monday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $13.10 and a 12-month high of $18.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The stock has a market capitalization of $9.81 billion, a PE ratio of 5.65 and a beta of 1.13. The firm has a 50 day simple moving average of $15.33 and a 200-day simple moving average of $15.93.

Analysts Set New Price Targets

SBS has been the subject of several recent analyst reports. StockNews.com cut Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Friday, December 27th. The Goldman Sachs Group raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th.

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

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.