Creative Financial Designs Inc. ADV Boosts Stock Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Creative Financial Designs Inc. ADV boosted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 373.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,159 shares of the utilities provider’s stock after buying an additional 2,492 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $69,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Citigroup Inc. increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 50.6% during the first quarter. Citigroup Inc. now owns 2,473,310 shares of the utilities provider’s stock worth $44,173,000 after purchasing an additional 830,937 shares in the last quarter. Strs Ohio purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth $29,142,000. Northern Trust Corp grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.1% during the first quarter. Northern Trust Corp now owns 1,446,698 shares of the utilities provider’s stock worth $25,838,000 after buying an additional 69,612 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 159.8% during the first quarter. American Century Companies Inc. now owns 1,280,088 shares of the utilities provider’s stock worth $22,862,000 after buying an additional 787,399 shares in the last quarter. Finally, Banco BTG Pactual S.A. purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth $20,094,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SBS. Zacks Research raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 2nd. Weiss Ratings restated 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 investment 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, the stock currently has a consensus rating of “Strong Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 1.4%

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $24.88 on Tuesday. The firm has a market capitalization of $17.00 billion, a price-to-earnings ratio of 8.61 and a beta of 0.86. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $13.87 and a fifty-two week high of $25.07. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a 50 day moving average of $23.66 and a 200 day moving average of $21.62.

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

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.