Amundi Raises Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Amundi boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,752,801 shares of the utilities provider's stock after acquiring an additional 426,669 shares during the period. Amundi owned 0.99% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $96,732,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth about $26,000. Advisors Asset Management Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% in the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider's stock worth $60,000 after buying an additional 911 shares during the period. J.Safra Asset Management Corp purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth about $54,000. R Squared Ltd bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at approximately $66,000. Finally, Ballentine Partners LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth approximately $145,000. Institutional investors own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Up 2.6 %

Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded up $0.45 during trading on Friday, hitting $17.25. The company's stock had a trading volume of 653,733 shares, compared to its average volume of 1,023,083. 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 company has a market capitalization of $11.79 billion, a PE ratio of 6.79 and a beta of 1.15. The company has a fifty day simple moving average of $16.11 and a two-hundred day simple moving average of $16.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.

Remove Ads

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.