Assetmark Inc. Boosts Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Assetmark Inc. raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 32.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 962,942 shares of the utilities provider’s stock after buying an additional 235,962 shares during the quarter. Assetmark Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $21,156,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings 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 valued at $41,000 after buying an additional 552 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 166.0% during the 1st quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 1,394 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter worth $44,000. Parallel Advisors LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 88.2% during the 2nd quarter. Parallel Advisors LLC now owns 2,885 shares of the utilities provider’s stock worth $63,000 after purchasing an additional 1,352 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter worth $54,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. Zacks Research upgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a consensus rating of “Strong Buy”.

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

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $24.58 on Friday. The business has a 50-day moving average of $23.60 and a 200 day moving average of $21.53. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12 month low of $13.87 and a 12 month high of $25.07. The stock has a market capitalization of $16.80 billion, a price-to-earnings ratio of 8.50 and a beta of 0.86. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26.

Companhia de saneamento Basico Do Estado De Sao 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.