Assetmark Inc. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 718,159 shares of the utilities provider's stock after acquiring an additional 28,728 shares during the quarter. Assetmark Inc. owned approximately 0.11% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $10,291,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth $26,000. Advisors Asset Management Inc. lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider's stock worth $60,000 after purchasing an additional 911 shares during the last quarter. 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 worth $54,000. R Squared Ltd purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth $66,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth $145,000. Institutional investors own 10.62% of the company's stock.
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.
View 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 Stock Up 2.3 %
Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded up $0.38 during midday trading on Friday, reaching $16.63. The company's stock had a trading volume of 464,694 shares, compared to its average volume of 776,523. The stock's 50-day simple moving average is $15.94 and its 200-day simple moving average is $16.12. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. 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 stock has a market capitalization of $11.36 billion, a P/E ratio of 6.55 and a beta of 1.15.
About Companhia de Saneamento Básico do Estado de São Paulo - SABESP
(
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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