Verde Servicos Internacionais S.A. Grows Stock Holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Verde Servicos Internacionais S.A. grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 603.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 667,196 shares of the utilities provider’s stock after acquiring an additional 572,308 shares during the period. Companhia de Saneamento Básico do Estado de São Paulo – SABESP comprises about 4.1% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 12th biggest position. Verde Servicos Internacionais S.A. owned about 0.10% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $9,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SBS. Public Employees Retirement System of Ohio bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter valued at approximately $733,000. Citigroup Inc. raised its holdings 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 acquiring an additional 1,192,198 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 63.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 92,800 shares of the utilities provider’s stock valued at $1,535,000 after acquiring an additional 36,000 shares during the last quarter. Pitcairn Co. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at $1,016,000. Finally, State Street Corp grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 15.1% in the third quarter. State Street Corp now owns 470,822 shares of the utilities provider’s stock valued at $7,787,000 after purchasing an additional 61,874 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 3.4 %

SBS stock opened at $16.20 on Tuesday. The firm’s fifty day simple moving average is $15.15 and its two-hundred day simple moving average is $16.01. The stock has a market capitalization of $11.07 billion, a price-to-earnings ratio of 6.38 and a beta of 1.13. 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 twelve month low of $13.10 and a twelve month high of $18.36.

Analyst Upgrades and Downgrades

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

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.