Y Intercept Hong Kong Ltd purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,885 shares of the utilities provider's stock, valued at approximately $242,000.
Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the third quarter worth about $45,000. Advisors Asset Management Inc. lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% in the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider's stock worth $60,000 after acquiring an additional 911 shares during the last quarter. R Squared Ltd bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth about $66,000. Ballentine Partners LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth about $145,000. Finally, Strategic Investment Advisors MI bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth about $147,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
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.
View Our Latest Research Report on Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance
NYSE:SBS traded up $0.38 during midday trading on Friday, hitting $16.63. 464,694 shares of the stock were exchanged, compared to its average volume of 776,523. The company has a market capitalization of $11.36 billion, a price-to-earnings ratio of 6.55 and a beta of 1.15. 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 one year low of $13.10 and a one year high of $18.36. The business has a 50-day moving average price of $15.94 and a two-hundred day moving average price of $16.12.
About Companhia de Saneamento Básico do Estado de São Paulo - SABESP
(
Free Report)
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.
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