J.Safra Asset Management Corp Invests $54,000 in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

J.Safra Asset Management Corp acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the fourth quarter, Holdings Channel.com reports. The fund acquired 3,750 shares of the utilities provider’s stock, valued at approximately $54,000.

Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth about $26,000. Advisors Asset Management Inc. lifted its holdings 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 purchasing an additional 911 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at about $66,000. Ballentine Partners LLC purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at about $145,000. Finally, Strategic Investment Advisors MI purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at about $147,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Price Performance

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $16.31 on Thursday. 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 firm has a market capitalization of $11.14 billion, a PE ratio of 6.42 and a beta of 1.14. The business’s 50-day moving average price is $15.82 and its 200-day moving average price is $16.13. 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.

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.