Schwartz Investment Counsel Inc. Makes New Investment in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Schwartz Investment Counsel Inc. bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 81,000 shares of the utilities provider's stock, valued at approximately $1,161,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBS. Atomi Financial Group Inc. acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 3rd quarter valued at $176,000. Creative Planning boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 52.3% in the 3rd quarter. Creative Planning now owns 17,288 shares of the utilities provider's stock worth $286,000 after purchasing an additional 5,936 shares during the last quarter. Bleakley Financial Group LLC boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 20,537 shares of the utilities provider's stock worth $340,000 after purchasing an additional 956 shares during the last quarter. Inspire Advisors LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 3rd quarter worth $166,000. Finally, Blue Trust Inc. boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 34.3% in the 3rd quarter. Blue Trust Inc. now owns 21,346 shares of the utilities provider's stock worth $353,000 after purchasing an additional 5,456 shares during the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 3.9 %

Shares of NYSE:SBS traded up $0.68 during midday trading on Friday, hitting $17.78. The company had a trading volume of 855,904 shares, compared to its average volume of 740,133. 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 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 cap of $12.15 billion, a price-to-earnings ratio of 7.00 and a beta of 1.14. The firm has a fifty day simple moving average of $15.29 and a 200 day simple moving average of $16.13.

Analyst Upgrades and Downgrades

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 report on Thursday, February 6th.

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.