Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC cut its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 14.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,805 shares of the utilities provider’s stock after selling 3,340 shares during the period. Custom Index Systems LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $284,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the third quarter valued at approximately $45,000. Advisors Asset Management Inc. grew its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the 3rd 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 period. R Squared Ltd purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter worth $66,000. Ballentine Partners LLC acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth $145,000. Finally, Strategic Investment Advisors MI acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth $147,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 0.2 %

NYSE SBS opened at $16.19 on Friday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a one year low of $13.10 and a one year high of $18.36. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The business has a fifty day moving average price of $15.08 and a 200 day moving average price of $16.03. The company has a market cap of $11.06 billion, a P/E ratio of 6.37 and a beta of 1.13.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SBS. The Goldman Sachs Group upgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research report on Sunday, October 6th. StockNews.com lowered 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.