Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) shares traded up 2.3% during mid-day trading on Thursday . The company traded as high as $9.37 and last traded at $9.34, with a volume of 1,904,938 shares changing hands. The stock had previously closed at $9.13.

Separately, Zacks Investment Research cut shares of Companhia de Saneamento Basico do Estado de Sao Paulo from a “buy” rating to a “hold” rating in a research note on Tuesday, June 14th.

The stock has a market capitalization of $6.33 billion and a P/E ratio of 25.16. The stock’s 50-day moving average price is $8.26 and its 200-day moving average price is $6.61.

Several large investors have recently bought and sold shares of the company. Bank of Montreal Can boosted its stake in Companhia de Saneamento Basico do Estado de Sao Paulo by 8.7% in the fourth quarter. Bank of Montreal Can now owns 219,981 shares of the company’s stock valued at $1,012,000 after buying an additional 17,610 shares during the period. First Trust Advisors LP boosted its stake in Companhia de Saneamento Basico do Estado de Sao Paulo by 4.7% in the fourth quarter. First Trust Advisors LP now owns 890,458 shares of the company’s stock valued at $4,096,000 after buying an additional 39,882 shares during the period. Finally, Alpine Woods Capital Investors LLC boosted its stake in Companhia de Saneamento Basico do Estado de Sao Paulo by 23.4% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 341,900 shares of the company’s stock valued at $1,573,000 after buying an additional 64,800 shares during the period.

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a mixed capital company. The Company is engaged in the provision of basic and environmental sanitation services in the State of Sao Paulo, as well as it supplies treated water and sewage services on a wholesale basis. The Company operates two segments: water supply and sewage services.

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