Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) from a buy rating to a hold rating in a report issued on Tuesday morning.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.2 %

NYSE:SBS opened at $17.61 on Tuesday. The firm has a market cap of $12.03 billion, a PE ratio of 6.93 and a beta of 1.15. The stock has a fifty day moving average price of $16.30 and a 200 day moving average price of $16.07. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $13.10 and a 12-month high of $18.36. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Anchor Pointe Wealth Management LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at approximately $144,000. Public Employees Retirement System of Ohio increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 20.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 53,235 shares of the utilities provider’s stock worth $763,000 after buying an additional 8,930 shares during the last quarter. Vident Advisory LLC increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 59.2% in the 4th quarter. Vident Advisory LLC now owns 52,402 shares of the utilities provider’s stock valued at $751,000 after purchasing an additional 19,490 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.5% in the 4th quarter. Squarepoint Ops LLC now owns 54,515 shares of the utilities provider’s stock valued at $781,000 after purchasing an additional 4,708 shares in the last quarter. Finally, Wexford Capital LP increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 57.0% in the 4th quarter. Wexford Capital LP now owns 496,169 shares of the utilities provider’s stock valued at $7,110,000 after purchasing an additional 180,057 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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.