WCM Investment Management LLC grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 44.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,569 shares of the utilities provider's stock after buying an additional 48,942 shares during the period. WCM Investment Management LLC's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $2,279,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth approximately $733,000. Citigroup Inc. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4,931.7% in 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 during the period. Daiwa Securities Group Inc. increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 63.4% in the third quarter. Daiwa Securities Group Inc. now owns 92,800 shares of the utilities provider's stock worth $1,535,000 after purchasing an additional 36,000 shares during the period. Pitcairn Co. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the third quarter worth $1,016,000. Finally, State Street Corp boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% during the third quarter. State Street Corp now owns 470,822 shares of the utilities provider's stock valued at $7,787,000 after buying an additional 61,874 shares during the period. 10.62% of the stock is owned by hedge funds and other institutional investors.
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 note on Thursday, February 6th.
View Our Latest Stock Analysis on Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock opened at $16.76 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. 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 firm has a market cap of $11.45 billion, a PE ratio of 6.60 and a beta of 1.14. The company has a 50 day simple moving average of $15.14 and a two-hundred day simple moving average of $16.09.
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.
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