Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS Stake Boosted by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 10.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 317,673 shares of the utilities provider’s stock after acquiring an additional 29,276 shares during the quarter. Hsbc Holdings PLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $6,979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SBS. GAMMA Investing LLC increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,846 shares of the utilities provider’s stock worth $41,000 after purchasing an additional 552 shares during the last quarter. Brooklyn Investment Group grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 166.0% in the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock valued at $40,000 after buying an additional 1,394 shares in the last quarter. Parallel Advisors LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% in the second quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock worth $63,000 after buying an additional 1,352 shares during the last quarter. Headlands Technologies LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter valued at approximately $54,000. Finally, Creative Financial Designs Inc. ADV raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 373.6% during the second quarter. Creative Financial Designs Inc. ADV now owns 3,159 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 2,492 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analysts Set New Price Targets

SBS has been the subject of several recent research reports. Zacks Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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

NYSE SBS opened at $26.87 on Friday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1 year low of $13.87 and a 1 year high of $27.12. The company has a fifty day simple moving average of $24.93 and a 200 day simple moving average of $22.56. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The company has a market cap of $18.36 billion, a P/E ratio of 14.44, a P/E/G ratio of 4.00 and a beta of 0.80.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its earnings results on Wednesday, November 12th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $1.07 billion. On average, sell-side analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp 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.