Y Intercept Hong Kong Ltd Acquires New Stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Y Intercept Hong Kong Ltd bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,885 shares of the utilities provider’s stock, valued at approximately $242,000.

Other institutional investors have also recently modified their holdings of the company. Duff & Phelps Investment Management Co. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.7% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,578,147 shares of the utilities provider’s stock worth $26,103,000 after purchasing an additional 113,147 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 34.8% during the third 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 buying an additional 389,063 shares during the last quarter. Citigroup Inc. increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% during the third quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider’s stock valued at $20,119,000 after acquiring an additional 1,192,198 shares in the last quarter. Quilter Plc raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% in the 4th quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider’s stock worth $14,971,000 after acquiring an additional 43,436 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 506.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 923,414 shares of the utilities provider’s stock valued at $15,273,000 after acquiring an additional 771,128 shares in the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

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

SBS opened at $15.98 on Wednesday. The company’s 50-day simple moving average is $15.78 and its two-hundred day simple moving average is $16.14. 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 capitalization of $10.92 billion, a P/E ratio of 6.29 and a beta of 1.14. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th.

Companhia de Saneamento Básico do Estado de São 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.