Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Cut to Hold at StockNews.com

StockNews.com cut shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) from a buy rating to a hold rating in a report published on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Down 0.4 %

Shares of NYSE:SBS opened at $17.97 on Tuesday. The business’s 50 day simple moving average is $16.45 and its 200 day simple moving average is $16.10. The company has a market capitalization of $12.28 billion, a P/E ratio of 7.07 and a beta of 1.15. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.10 and a 1 year high of $18.36. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Several hedge funds and other institutional investors have recently modified their holdings of SBS. SBI Securities Co. Ltd. bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth $26,000. J.Safra Asset Management Corp bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth $54,000. Advisors Asset Management Inc. grew its position 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 acquiring an additional 911 shares during the last quarter. R Squared Ltd bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth $66,000. Finally, Signaturefd LLC grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% during the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 1,917 shares during the last quarter. Institutional investors own 10.62% of the company’s stock.

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.