Maryland State Retirement & Pension System Acquires 32,958 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Maryland State Retirement & Pension System boosted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 602,456 shares of the utilities provider's stock after acquiring an additional 32,958 shares during the period. Maryland State Retirement & Pension System owned 0.09% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $8,633,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% in the 3rd 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. Rhumbline Advisers boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% in the 4th quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock worth $1,797,000 after purchasing an additional 1,165 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,336 shares of the utilities provider's stock worth $221,000 after purchasing an additional 1,751 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth $26,000. Finally, Signaturefd LLC grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% in the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock valued at $133,000 after buying an additional 1,917 shares during the period. Institutional investors own 10.62% of the company's stock.

Wall Street Analysts Forecast Growth

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, March 18th.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Down 1.7 %

SBS stock traded down $0.30 during midday trading on Friday, hitting $17.67. 1,816,260 shares of the company's stock were exchanged, compared to its average volume of 1,015,995. The stock's fifty day moving average price is $16.51 and its 200-day moving average price is $16.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The company has a market cap of $12.08 billion, a PE ratio of 6.96 and a beta of 1.15. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a one year low of $13.10 and a one year high of $18.36.

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.