SBI Securities Co. Ltd. Takes $26,000 Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

SBI Securities Co. Ltd. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,795 shares of the utilities provider’s stock, valued at approximately $26,000.

A number of other large investors have also made changes to their positions in SBS. Duff & Phelps Investment Management Co. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.7% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,578,147 shares of the utilities provider’s stock valued at $26,103,000 after purchasing an additional 113,147 shares in the last quarter. Citigroup Inc. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% in the third quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider’s stock worth $20,119,000 after acquiring an additional 1,192,198 shares in the last quarter. Quilter Plc grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% in the fourth 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 506.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 923,414 shares of the utilities provider’s stock worth $15,273,000 after acquiring an additional 771,128 shares in the last quarter. Finally, Perpetual Ltd grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.4% in the fourth quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider’s stock worth $10,088,000 after acquiring an additional 54,326 shares in the last quarter. 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

NYSE SBS opened at $16.83 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a fifty day simple moving average of $16.06 and a 200 day simple moving average of $16.08. The company has a market cap of $11.50 billion, a P/E ratio of 6.62 and a beta of 1.15. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.10 and a 1 year high of $18.36.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research report 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.