Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Bought by Assetmark Inc.

Assetmark Inc. grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 4.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 718,159 shares of the utilities provider’s stock after acquiring an additional 28,728 shares during the period. Assetmark Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $10,291,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SBS. Duff & Phelps Investment Management Co. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.7% during the third quarter. Duff & Phelps Investment Management Co. now owns 1,578,147 shares of the utilities provider’s stock worth $26,103,000 after purchasing an additional 113,147 shares during the last quarter. Citigroup Inc. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% during the third quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider’s stock worth $20,119,000 after purchasing an additional 1,192,198 shares in the last quarter. Quilter Plc lifted its position in shares of 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 last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 506.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 923,414 shares of the utilities provider’s stock valued at $15,273,000 after buying an additional 771,128 shares in the last quarter. Finally, Perpetual Ltd grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 8.4% in the 4th quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider’s stock valued at $10,088,000 after buying an additional 54,326 shares during the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 2.3 %

Shares of NYSE SBS opened at $16.63 on Friday. The business has a 50-day moving average price of $15.89 and a 200 day moving average price of $16.13. The stock has a market cap of $11.36 billion, a PE ratio of 6.55 and a beta of 1.15. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $13.10 and a 52-week high of $18.36.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research 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.