Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Cut to “Hold” at StockNews.com

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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

Shares of NYSE:SBS opened at $18.09 on Tuesday. The company’s 50 day moving average price is $16.38 and its two-hundred day moving average price is $16.09. 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 firm has a market cap of $12.36 billion, a PE ratio of 7.12 and a beta of 1.15. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Amundi boosted 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 acquiring an additional 426,669 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 55.1% during the 4th quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider’s stock worth $89,337,000 after acquiring an additional 2,213,846 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,730,495 shares of the utilities provider’s stock worth $24,798,000 after acquiring an additional 33,200 shares in the last quarter. Duff & Phelps Investment Management Co. boosted 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 acquiring an additional 113,147 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 1.9% during the 4th quarter. First Trust Advisors LP now owns 1,401,173 shares of the utilities provider’s stock worth $20,079,000 after acquiring an additional 26,125 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

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.