Impax Asset Management Group plc Sells 516,594 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Impax Asset Management Group plc lowered its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,520,902 shares of the utilities provider’s stock after selling 516,594 shares during the quarter. Impax Asset Management Group plc’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $193,085,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $242,000. Nkcfo LLC boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 216.7% during the 4th quarter. Nkcfo LLC now owns 19,000 shares of the utilities provider’s stock worth $272,000 after purchasing an additional 13,000 shares in the last quarter. Rhumbline Advisers grew its stake 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 buying an additional 1,165 shares during the period. Schwartz Investment Counsel Inc. bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at about $1,161,000. Finally, Quilter Plc raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% during the 4th quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider’s stock worth $14,971,000 after buying an additional 43,436 shares during the period. Institutional investors and hedge funds own 10.62% of the company’s stock.

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

SBS opened at $17.13 on Monday. 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 market cap of $11.71 billion, a price-to-earnings ratio of 6.74 and a beta of 1.14. The company’s fifty day moving average price is $15.53 and its two-hundred day moving average price is $16.19. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded 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.

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.