Generali Investments CEE investicni spolecnost a.s. bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 115,800 shares of the utilities provider's stock, valued at approximately $1,659,000.
A number of other large investors also recently bought and sold shares of the stock. Citigroup Inc. lifted its stake in 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 worth $20,119,000 after purchasing an additional 1,192,198 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of 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 valued at $15,273,000 after buying an additional 771,128 shares in the last quarter. Verde Servicos Internacionais S.A. raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 603.1% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 667,196 shares of the utilities provider's stock valued at $9,561,000 after buying an additional 572,308 shares during the period. Wexford Capital LP acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth about $5,228,000. Finally, Duff & Phelps Investment Management Co. boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.7% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 1,578,147 shares of the utilities provider's stock valued at $26,103,000 after acquiring an additional 113,147 shares during the period. Institutional investors and hedge funds own 10.62% of the company's stock.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Up 0.1 %
SBS stock traded up $0.02 during midday trading on Wednesday, hitting $16.47. The company's stock had a trading volume of 502,001 shares, compared to its average volume of 1,027,781. 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 firm has a 50-day simple moving average of $16.02 and a 200-day simple moving average of $16.07. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $11.26 billion, a P/E ratio of 6.48 and a beta of 1.15.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of 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.
Check Out Our Latest Research Report on Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company Profile
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Free Report)
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.
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