First Affirmative Financial Network Raises Stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

First Affirmative Financial Network raised its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 32.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,367 shares of the utilities provider’s stock after purchasing an additional 4,238 shares during the period. First Affirmative Financial Network’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 3rd quarter worth about $733,000. Citigroup Inc. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4,931.7% during the third quarter. Citigroup Inc. now owns 1,216,372 shares of the utilities provider’s stock worth $20,119,000 after purchasing an additional 1,192,198 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 63.4% during the third quarter. Daiwa Securities Group Inc. now owns 92,800 shares of the utilities provider’s stock worth $1,535,000 after purchasing an additional 36,000 shares in the last quarter. Pitcairn Co. acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the third quarter worth approximately $1,016,000. Finally, State Street Corp lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 15.1% during the 3rd quarter. State Street Corp now owns 470,822 shares of the utilities provider’s stock worth $7,787,000 after buying an additional 61,874 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Price Performance

Shares of NYSE:SBS opened at $16.24 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. 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 50-day simple moving average of $15.09 and a 200-day simple moving average of $16.02. The stock has a market capitalization of $11.10 billion, a price-to-earnings ratio of 6.39 and a beta of 1.13.

Wall Street Analysts Forecast Growth

SBS has been the topic of several research analyst reports. StockNews.com lowered shares of 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. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report on Sunday, October 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.