Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) hit a new 52-week high during mid-day trading 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 cut 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 company has a market cap of $6.55 billion and a P/E ratio of 25.24. The stock has a 50 day moving average price of $8.56 and a 200 day moving average price of $6.79.

Other large investors have recently made changes to their positions in the company. KBC Group NV boosted its stake in shares of 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 worth $2,593,000 after buying an additional 30,385 shares during the period. Alpine Woods Capital Investors LLC boosted its stake in shares of 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 worth $1,573,000 after buying an additional 64,800 shares during the period. Bank of Montreal Can boosted its stake in shares of 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 worth $1,012,000 after buying an additional 17,610 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of 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 worth $4,096,000 after buying an additional 39,882 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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