Generali Investments CEE investicni spolecnost a.s. Takes Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Generali Investments CEE investicni spolecnost a.s. bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 115,800 shares of the utilities provider’s stock, valued at approximately $1,659,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter valued at $26,000. J.Safra Asset Management Corp bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $54,000. Advisors Asset Management Inc. increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock valued at $60,000 after acquiring an additional 911 shares during the last quarter. R Squared Ltd bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter valued at about $66,000. Finally, Ballentine Partners LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth about $145,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of 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.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 2.3 %

Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $16.63 on Friday. 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 company’s fifty day simple moving average is $15.94 and its 200-day simple moving average is $16.12. 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 capitalization of $11.36 billion, a PE ratio of 6.55 and a beta of 1.15.

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.