Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,137 shares of the utilities provider’s stock after purchasing an additional 2,164 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $333,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. First Affirmative Financial Network increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 32.3% in the 4th quarter. First Affirmative Financial Network now owns 17,367 shares of the utilities provider’s stock valued at $249,000 after acquiring an additional 4,238 shares during the last quarter. R Squared Ltd bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at $66,000. Verde Servicos Internacionais S.A. increased its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 603.1% during the fourth quarter. Verde Servicos Internacionais S.A. now owns 667,196 shares of the utilities provider’s stock valued at $9,561,000 after purchasing an additional 572,308 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 82.7% during the fourth quarter. Blue Trust Inc. now owns 39,008 shares of the utilities provider’s stock worth $559,000 after purchasing an additional 17,662 shares during the period. Finally, Strategic Investment Advisors MI bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter worth about $147,000. 10.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 1.9 %

SBS opened at $17.12 on Friday. The stock’s 50 day moving average price is $15.21 and its 200 day moving average price is $16.11. 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 $11.70 billion, a P/E ratio of 6.74 and a beta of 1.14. 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.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP 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.