Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 39.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 558,797 shares of the utilities provider's stock after selling 364,617 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $8,008,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth $26,000. Advisors Asset Management Inc. raised its stake in shares of 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 purchasing an additional 911 shares during the last quarter. J.Safra Asset Management Corp purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth $54,000. R Squared Ltd purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth $66,000. Finally, Ballentine Partners LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth $145,000. Hedge funds and other institutional investors own 10.62% of the company's stock.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Performance
Shares of SBS traded up $0.50 during trading hours on Wednesday, hitting $18.09. The stock had a trading volume of 1,343,738 shares, compared to its average volume of 783,529. 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 12 month low of $13.10 and a 12 month high of $18.36. The firm has a market capitalization of $12.36 billion, a PE ratio of 7.12 and a beta of 1.15. The stock has a fifty day moving average price of $16.30 and a 200 day moving average price of $16.07.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a report on Tuesday.
Read Our Latest Analysis on SBS
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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