Daiwa Securities Group Inc. Has $714,000 Stock Holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Daiwa Securities Group Inc. lowered its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 46.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,800 shares of the utilities provider's stock after selling 43,000 shares during the quarter. Daiwa Securities Group Inc.'s holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Amundi lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.7% in the fourth quarter. Amundi now owns 6,752,801 shares of the utilities provider's stock worth $96,732,000 after buying an additional 426,669 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 16.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,991 shares of the utilities provider's stock worth $229,000 after buying an additional 2,284 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth about $1,659,000. Assetmark Inc. lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.2% in the fourth quarter. Assetmark Inc. now owns 718,159 shares of the utilities provider's stock worth $10,291,000 after buying an additional 28,728 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 10.62% of the company's stock.

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Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Performance

Shares of NYSE SBS traded up $0.50 during trading hours on Wednesday, hitting $18.09. 1,343,731 shares of the company's stock were exchanged, compared to its average volume of 1,011,082. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1-year low of $13.10 and a 1-year high of $18.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The stock has a market capitalization of $12.36 billion, a price-to-earnings ratio of 7.12 and a beta of 1.15. The company's 50-day moving average price is $16.30 and its 200-day moving average price is $16.07.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research report on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company 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.