OneDigital Investment Advisors LLC Invests $196,000 in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

OneDigital Investment Advisors LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 11,860 shares of the utilities provider’s stock, valued at approximately $196,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter valued at about $563,000. Russell Investments Group Ltd. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.3% in the first quarter. Russell Investments Group Ltd. now owns 53,214 shares of the utilities provider’s stock valued at $896,000 after purchasing an additional 1,702 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the first quarter valued at approximately $470,000. O Shaughnessy Asset Management LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter worth approximately $198,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 272,803 shares of the utilities provider’s stock worth $4,598,000 after buying an additional 16,457 shares in the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research note on Sunday, October 6th. StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 1.4 %

Shares of NYSE:SBS opened at $16.90 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.35. The stock has a market cap of $11.55 billion, a price-to-earnings ratio of 6.65 and a beta of 1.16. The company has a 50 day moving average of $16.40 and a 200-day moving average of $15.82. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a one year low of $13.10 and a one year high of $18.36.

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

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.