Pinnacle Wealth Planning Services Inc. Decreases Holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Pinnacle Wealth Planning Services Inc. lowered its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 18.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,554 shares of the utilities provider’s stock after selling 2,318 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $151,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Assetmark Inc. increased its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.2% in the fourth quarter. Assetmark Inc. now owns 718,159 shares of the utilities provider’s stock valued at $10,291,000 after purchasing an additional 28,728 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth approximately $54,000. Victory Capital Management Inc. acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at $164,000. SBI Securities Co. Ltd. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at $26,000. Finally, Metis Global Partners LLC raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during the 4th quarter. Metis Global Partners LLC now owns 18,930 shares of the utilities provider’s stock worth $271,000 after acquiring an additional 4,773 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

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

NYSE:SBS opened at $16.63 on Friday. The company 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 has a 52-week low of $13.10 and a 52-week high of $18.36. The stock’s 50 day moving average price is $15.89 and its 200 day moving average price is $16.13. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56.

Analysts Set New Price Targets

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.

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.