Metis Global Partners LLC Buys 3,551 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Metis Global Partners LLC raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 33.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,157 shares of the utilities provider’s stock after purchasing an additional 3,551 shares during the quarter. Metis Global Partners LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $234,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 34.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,506,844 shares of the utilities provider’s stock valued at $24,923,000 after purchasing an additional 389,063 shares during the period. Duff & Phelps Investment Management Co. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.5% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,465,000 shares of the utilities provider’s stock valued at $19,704,000 after acquiring an additional 90,000 shares during the period. Renaissance Technologies LLC lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.1% in the second quarter. Renaissance Technologies LLC now owns 1,453,995 shares of the utilities provider’s stock valued at $19,556,000 after acquiring an additional 108,500 shares in the last quarter. Quilter Plc boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.2% in the second quarter. Quilter Plc now owns 979,750 shares of the utilities provider’s stock worth $13,178,000 after acquiring an additional 20,759 shares during the period. Finally, Maryland State Retirement & Pension System grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 1.1% during the second quarter. Maryland State Retirement & Pension System now owns 415,460 shares of the utilities provider’s stock worth $5,588,000 after purchasing an additional 4,629 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. The Goldman Sachs Group upgraded 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 Stock Performance

NYSE:SBS opened at $17.06 on Wednesday. The company has a market cap of $11.66 billion, a price-to-earnings ratio of 6.72 and a beta of 1.16. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.05 and a 1 year high of $18.36. The stock’s 50 day simple moving average is $16.40 and its two-hundred day simple moving average is $15.80. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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.