Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,137 shares of the utilities provider’s stock after acquiring an additional 2,164 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $333,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SBS. Creative Planning increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 52.3% during the third quarter. Creative Planning now owns 17,288 shares of the utilities provider’s stock worth $286,000 after purchasing an additional 5,936 shares during the last quarter. Bleakley Financial Group LLC grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.9% during the 3rd quarter. Bleakley Financial Group LLC now owns 20,537 shares of the utilities provider’s stock valued at $340,000 after buying an additional 956 shares during the period. Inspire Advisors LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter worth $166,000. Blue Trust Inc. raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 34.3% in the 3rd quarter. Blue Trust Inc. now owns 21,346 shares of the utilities provider’s stock worth $353,000 after buying an additional 5,456 shares during the period. Finally, Allspring Global Investments Holdings LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at $45,000. 10.62% of the stock is owned by institutional investors and hedge funds.

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

Shares of SBS stock opened at $17.12 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 market cap of $11.70 billion, a PE ratio of 6.74 and a beta of 1.14. The company’s fifty day simple moving average is $15.21 and its 200-day simple moving average is $16.11. 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.

Analyst Ratings Changes

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.