Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 44.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,569 shares of the utilities provider's stock after acquiring an additional 48,942 shares during the period. WCM Investment Management LLC's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $2,279,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth $45,000. Advisors Asset Management Inc. increased its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider's stock worth $60,000 after buying an additional 911 shares during the period. R Squared Ltd purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth $66,000. Ballentine Partners LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth $145,000. Finally, Strategic Investment Advisors MI acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth $147,000. 10.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 Up 3.9 %

SBS stock traded up $0.68 during mid-day trading on Friday, hitting $17.78. 855,904 shares of the company were exchanged, compared to its average volume of 757,093. The company has a market capitalization of $12.15 billion, a PE ratio of 7.00 and a beta of 1.14. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a twelve month low of $13.10 and a twelve month high of $18.36. The firm has a fifty day simple moving average of $15.29 and a 200 day simple moving average of $16.13.

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.