Ballentine Partners LLC Makes New Investment in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Ballentine Partners LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,147 shares of the utilities provider’s stock, valued at approximately $145,000.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter valued at $45,000. Advisors Asset Management Inc. lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 911 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 3,324 shares in the last quarter. Inspire Advisors LLC purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at about $166,000. Finally, Atomi Financial Group Inc. acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth about $176,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Price Performance

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $15.66 on Monday. The company has a market cap of $10.71 billion, a P/E ratio of 6.17 and a beta of 1.13. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a one year low of $13.10 and a one year high of $18.36. The business has a fifty day moving average of $15.16 and a two-hundred day moving average of $16.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on SBS shares. StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Friday, December 27th. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company 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.