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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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

NYSE SBS opened at $18.09 on Tuesday. The firm has a market cap of $12.36 billion, a price-to-earnings ratio of 7.12 and a beta of 1.15. The company has a 50 day moving average of $16.38 and a 200-day moving average of $16.09. 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 1-year low of $13.10 and a 1-year high of $18.36.

Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Several hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.7% in the fourth quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider’s stock valued at $422,000 after acquiring an additional 776 shares during the last quarter. Advisors Asset Management Inc. lifted 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 buying an additional 911 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.9% in the 4th quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider’s stock valued at $186,000 after purchasing an additional 950 shares during the period. Rhumbline Advisers raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% in the 4th quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider’s stock valued at $1,797,000 after purchasing an additional 1,165 shares during the period. Finally, Quantinno Capital Management LP grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.3% in the 4th quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider’s stock valued at $209,000 after buying an additional 1,237 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

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.