Jane Street Group LLC Sells 17,383 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Jane Street Group LLC trimmed its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 56.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,527 shares of the utilities provider’s stock after selling 17,383 shares during the period. Jane Street Group LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $224,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter worth approximately $45,000. Advisors Asset Management Inc. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the third 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in 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 worth $125,000 after acquiring an additional 3,324 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the second quarter worth approximately $155,000. Finally, Inspire Advisors LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter worth approximately $166,000. 10.62% of the stock is owned by institutional investors.

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

NYSE SBS opened at $14.35 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $15.33 and a 200 day simple moving average of $15.93. The company has a market cap of $9.81 billion, a P/E ratio of 5.65 and a beta of 1.13. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.10 and a 1 year high of $18.36.

Wall Street Analysts Forecast Growth

SBS has been the subject of several recent research reports. 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 shares of 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 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.