Integrated Quantitative Investments LLC Grows Position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Integrated Quantitative Investments LLC raised its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 47.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,168 shares of the utilities provider’s stock after acquiring an additional 24,168 shares during the period. Integrated Quantitative Investments LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $1,651,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SBS. Brooklyn Investment Group raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 166.0% in the first quarter. Brooklyn Investment Group now owns 2,234 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 1,394 shares during the last quarter. GAMMA Investing LLC grew 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 in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 1st quarter valued at about $44,000. Headlands Technologies LLC purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 1st quarter valued at about $54,000. Finally, Parallel Advisors LLC lifted its position 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 buying an additional 1,352 shares in the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed 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 research note on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Strong Buy”.

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

Shares of SBS opened at $26.86 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 debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s fifty day moving average price is $24.31 and its two-hundred day moving average price is $22.00. The firm has a market cap of $18.36 billion, a PE ratio of 9.29 and a beta of 0.82.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Monday, November 10th. The utilities provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 29.34% and a net margin of 29.64%.The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. On average, equities research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 EPS for the current year.

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.