Impax Asset Management Group plc Sells 516,594 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Impax Asset Management Group plc lessened its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,520,902 shares of the utilities provider's stock after selling 516,594 shares during the quarter. Impax Asset Management Group plc owned approximately 1.98% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $193,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter valued at about $45,000. Advisors Asset Management Inc. boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% during 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 period. R Squared Ltd purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at approximately $66,000. Ballentine Partners LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at approximately $145,000. Finally, Strategic Investment Advisors MI purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth approximately $147,000. Institutional investors and hedge funds own 10.62% of the company's stock.

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Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a report on Thursday, February 6th.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Down 0.9 %

SBS stock traded down $0.15 during mid-day trading on Thursday, hitting $16.40. The stock had a trading volume of 422,787 shares, compared to its average volume of 773,771. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1-year low of $13.10 and a 1-year high of $18.36. The company has a fifty day moving average of $15.67 and a 200 day moving average of $16.19. 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 stock has a market capitalization of $11.21 billion, a price-to-earnings ratio of 6.45 and a beta of 1.14.

About Companhia de Saneamento Básico do Estado de São Paulo - SABESP

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.