Assetmark Inc. Raises Stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Assetmark Inc. lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 718,159 shares of the utilities provider’s stock after acquiring an additional 28,728 shares during the period. Assetmark Inc. owned 0.11% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $10,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SBS. SBI Securities Co. Ltd. acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter valued at approximately $26,000. J.Safra Asset Management Corp purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter valued at $54,000. Advisors Asset Management Inc. lifted its stake in shares of 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 purchasing an additional 911 shares during the last quarter. R Squared Ltd purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth $66,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth about $145,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

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

Shares of NYSE SBS opened at $16.63 on Friday. The stock has a market cap of $11.36 billion, a P/E ratio of 6.55 and a beta of 1.15. The business’s fifty day simple moving average is $15.89 and its 200-day simple moving average is $16.13. 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 company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a report on Thursday, February 6th.

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.