Jane Street Group LLC Sells 17,383 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Jane Street Group LLC cut its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 56.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,527 shares of the utilities provider’s stock after selling 17,383 shares during the period. Jane Street Group LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $224,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,973 shares of the utilities provider’s stock valued at $347,000 after purchasing an additional 770 shares during the period. Advisors Asset Management Inc. boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 911 shares during the period. Bleakley Financial Group LLC boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 20,537 shares of the utilities provider’s stock valued at $340,000 after purchasing an additional 956 shares during the period. QRG Capital Management Inc. boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% in the 3rd quarter. QRG Capital Management Inc. now owns 13,318 shares of the utilities provider’s stock valued at $220,000 after purchasing an additional 1,175 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.2% in the 2nd quarter. Acadian Asset Management LLC now owns 29,706 shares of the utilities provider’s stock valued at $399,000 after purchasing an additional 1,728 shares during the period. 10.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on SBS shares. The Goldman Sachs Group raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 6th. StockNews.com cut shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Friday, December 27th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.1 %

Shares of SBS stock opened at $14.35 on Friday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $13.10 and a 52-week high of $18.36. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 5.65 and a beta of 1.13. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The firm has a fifty day moving average of $15.33 and a 200-day moving average of $15.93.

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.