First Affirmative Financial Network Increases Stock Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

First Affirmative Financial Network lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 32.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,367 shares of the utilities provider’s stock after buying an additional 4,238 shares during the period. First Affirmative Financial Network’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $249,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SBS. Dimensional Fund Advisors LP grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 36.4% during the second quarter. Dimensional Fund Advisors LP now owns 215,544 shares of the utilities provider’s stock worth $2,906,000 after acquiring an additional 57,485 shares during the period. Sei Investments Co. grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 61.8% during the 2nd quarter. Sei Investments Co. now owns 54,146 shares of the utilities provider’s stock worth $728,000 after purchasing an additional 20,683 shares during the period. Point72 Asset Management L.P. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 1,279.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 33,100 shares of the utilities provider’s stock valued at $445,000 after purchasing an additional 30,700 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.6% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,305 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 3,324 shares during the period. Finally, Verde Servicos Internacionais S.A. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth about $1,569,000. 10.62% of the stock is owned by institutional investors and hedge funds.

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

NYSE:SBS opened at $16.24 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $11.10 billion, a P/E ratio of 6.39 and a beta of 1.13. The firm has a 50-day moving average price of $15.09 and a two-hundred day moving average price of $16.02. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a twelve month low of $13.10 and a twelve month high of $18.36.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research report on Sunday, October 6th. StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Friday, December 27th.

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.