Shares of Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) reached a new 52-week high on Friday . The company traded as high as $9.52 and last traded at $9.50, with a volume of 2,685,253 shares. The stock had previously closed at $9.16.

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

The firm has a market cap of $6.55 billion and a PE ratio of 25.24. The firm has a 50 day moving average price of $8.56 and a 200-day moving average price of $6.79.

Other hedge funds have recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC raised 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 in the last quarter. First Trust Advisors LP raised 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 in the last quarter. KBC Group NV raised its stake in Companhia de Saneamento Basico do Estado de Sao Paulo by 5.7% in the fourth quarter. KBC Group NV now owns 563,612 shares of the company’s stock valued at $2,593,000 after buying an additional 30,385 shares in the last quarter. Finally, Bank of Montreal Can raised 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 in the last quarter.

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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