Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Tuesday.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Down 1.7 %
NYSE SBS traded down $0.30 during mid-day trading on Tuesday, hitting $17.67. The company's stock had a trading volume of 1,816,260 shares, compared to its average volume of 1,015,995. The company's 50 day simple moving average is $16.51 and its 200 day simple moving average is $16.10. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a twelve month low of $13.10 and a twelve 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. The firm has a market capitalization of $12.08 billion, a price-to-earnings ratio of 6.96 and a beta of 1.15.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SBS. Anchor Pointe Wealth Management LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at about $144,000. Public Employees Retirement System of Ohio raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 20.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 53,235 shares of the utilities provider's stock worth $763,000 after purchasing an additional 8,930 shares during the last quarter. Vident Advisory LLC lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 59.2% in the fourth 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 grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 9.5% during the fourth quarter. Squarepoint Ops LLC now owns 54,515 shares of the utilities provider's stock worth $781,000 after buying an additional 4,708 shares in the last quarter. Finally, Wexford Capital LP raised its position 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 buying an additional 180,057 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company Profile
(
Get 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.
Further Reading
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