Verde Servicos Internacionais S.A. Has $9.56 Million Holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Verde Servicos Internacionais S.A. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 603.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 667,196 shares of the utilities provider's stock after buying an additional 572,308 shares during the quarter. Companhia de Saneamento Básico do Estado de São Paulo - SABESP comprises approximately 4.1% of Verde Servicos Internacionais S.A.'s holdings, making the stock its 12th biggest position. Verde Servicos Internacionais S.A. owned approximately 0.10% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $9,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in SBS. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,973 shares of the utilities provider's stock valued at $347,000 after acquiring an additional 770 shares during the period. Advisors Asset Management Inc. lifted its stake in 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 valued at $60,000 after purchasing an additional 911 shares during the last quarter. Bleakley Financial Group LLC grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.9% during the third 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 period. QRG Capital Management Inc. increased its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 9.7% during the third quarter. QRG Capital Management Inc. now owns 13,318 shares of the utilities provider's stock worth $220,000 after buying an additional 1,175 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% in the third quarter. Quantinno Capital Management LP now owns 13,336 shares of the utilities provider's stock valued at $221,000 after buying an additional 1,751 shares during the period. 10.62% of the stock is currently owned by institutional investors and hedge funds.

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

NYSE:SBS traded down $0.04 during mid-day trading on Friday, hitting $16.19. 545,290 shares of the stock were exchanged, compared to its average volume of 675,783. The firm's 50-day simple moving average is $15.09 and its 200 day simple moving average is $16.02. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 6.37 and a beta of 1.13. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a fifty-two week low of $13.10 and a fifty-two week high of $18.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

SBS has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP to a "strong-buy" rating in a report on Sunday, October 6th. StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research note on Friday, December 27th.

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.