Impax Asset Management Group plc Sells 516,594 Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Impax Asset Management Group plc lowered its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,520,902 shares of the utilities provider’s stock after selling 516,594 shares during the quarter. Impax Asset Management Group plc owned 1.98% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $193,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,973 shares of the utilities provider’s stock valued at $347,000 after acquiring an additional 770 shares during the period. Advisors Asset Management Inc. grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% in the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 911 shares during the last quarter. Rhumbline Advisers increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% in the fourth quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider’s stock valued at $1,797,000 after purchasing an additional 1,165 shares during the period. QRG Capital Management Inc. raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 9.7% during the 3rd quarter. QRG Capital Management Inc. now owns 13,318 shares of the utilities provider’s stock worth $220,000 after purchasing an additional 1,175 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 15.1% during the 3rd quarter. Quantinno Capital Management LP now owns 13,336 shares of the utilities provider’s stock worth $221,000 after buying an additional 1,751 shares during the period. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised 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 Stock Down 0.3 %

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $17.13 on Monday. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 6.74 and a beta of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $13.10 and a 52-week 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 firm has a 50 day moving average price of $15.53 and a two-hundred day moving average price of $16.19.

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.