Mackenzie Financial Corp Reduces Holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Mackenzie Financial Corp lowered its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 12.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,231,324 shares of the utilities provider’s stock after selling 750,051 shares during the period. Mackenzie Financial Corp’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $79,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SBS. Tower Research Capital LLC TRC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 3rd quarter valued at $36,000. Blue Trust Inc. lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 316.6% in the 4th quarter. Blue Trust Inc. now owns 2,687 shares of the utilities provider’s stock valued at $41,000 after purchasing an additional 2,042 shares during the last quarter. Captrust Financial Advisors lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 79.0% in the 1st quarter. Captrust Financial Advisors now owns 5,068 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 2,237 shares during the last quarter. Trium Capital LLP acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 1st quarter valued at $76,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 2nd quarter valued at $83,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Price Performance

SBS stock opened at $15.32 on Tuesday. The company has a current ratio of 1.01, a quick ratio of 0.99 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $10.47 billion, a PE ratio of 18.05, a P/E/G ratio of 0.93 and a beta of 1.23. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $8.75 and a 12-month high of $17.14. The business’s fifty day moving average price is $16.07 and its 200 day moving average price is $14.58.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company 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.