PNC Financial Services Group Inc. Buys 2,284 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

PNC Financial Services Group Inc. grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 16.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,991 shares of the utilities provider’s stock after acquiring an additional 2,284 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SBS. SBI Securities Co. Ltd. bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at $26,000. J.Safra Asset Management Corp purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at about $54,000. Advisors Asset Management Inc. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 911 shares in the last quarter. R Squared Ltd bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth approximately $66,000. Finally, Ballentine Partners LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at approximately $145,000. 10.62% of the stock is owned by hedge funds and other institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 1.7 %

Shares of NYSE SBS opened at $17.67 on Friday. 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 business’s 50 day moving average price is $16.51 and its 200-day moving average price is $16.10. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a fifty-two week low of $13.10 and a fifty-two week high of $18.36. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 6.96 and a beta of 1.15.

Analyst Ratings Changes

Separately, StockNews.com lowered 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 Tuesday, March 18th.

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.