Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 46.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,800 shares of the utilities provider’s stock after selling 43,000 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $714,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Amundi raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.7% during the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider’s stock worth $96,732,000 after purchasing an additional 426,669 shares during the period. Duff & Phelps Investment Management Co. raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.7% during the 3rd 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 period. Citigroup Inc. raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% during the 3rd 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 during the period. Quilter Plc raised 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 purchasing an additional 43,436 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in 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 acquiring an additional 771,128 shares during the period. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 2.6 %

SBS opened at $17.25 on Friday. 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. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The stock has a market cap of $11.79 billion, a P/E ratio of 6.79 and a beta of 1.15. The stock’s 50 day moving average price is $16.18 and its 200 day moving average price is $16.07.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.