QRG Capital Management Inc. Has $534,000 Stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

QRG Capital Management Inc. boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 68.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,305 shares of the utilities provider’s stock after buying an additional 9,853 shares during the period. QRG Capital Management Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $534,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brooklyn Investment Group lifted its holdings in 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 buying an additional 1,394 shares during the period. GAMMA Investing LLC lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 42.7% in the second 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 during the period. Banque Cantonale Vaudoise acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at $44,000. Headlands Technologies LLC acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the first quarter valued at $54,000. Finally, Parallel Advisors LLC lifted 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 valued at $63,000 after buying an additional 1,352 shares during the period. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 2.9%

SBS opened at $22.24 on Friday. 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 has a fifty-two week low of $13.87 and a fifty-two week high of $25.07. The firm has a market capitalization of $15.20 billion, a PE ratio of 7.70 and a beta of 0.86. The company’s 50-day moving average is $22.71 and its 200 day moving average is $20.86.

Analyst Upgrades and Downgrades

SBS has been the topic of several research reports. 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. Zacks Research upgraded shares of 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 research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Strong Buy”.

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.