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

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 0.2 %

Shares of NYSE:SBS traded down $0.04 on Tuesday, hitting $17.61. 776,581 shares of the company’s stock were exchanged, compared to its average volume of 1,009,813. The firm’s 50-day moving average is $16.30 and its 200 day moving average is $16.07. The company has a market capitalization of $12.03 billion, a PE ratio of 6.93 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 quick ratio of 1.13 and a current ratio of 1.14.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth about $26,000. J.Safra Asset Management Corp acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth about $54,000. Advisors Asset Management Inc. lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 911 shares during 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. Finally, Signaturefd LLC lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% in the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock valued at $133,000 after purchasing an additional 1,917 shares during the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.

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.