Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) saw unusually-strong trading volume on Monday . Approximately 2,411,724 shares changed hands during mid-day trading, an increase of 2% from the previous session’s volume of 2,365,130 shares.The stock last traded at $9.46 and had previously closed at $9.59.

Separately, Zacks Investment Research upgraded Companhia de Saneamento Basico do Estado de Sao Paulo from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research report on Tuesday, June 21st.

The firm has a market cap of $6.48 billion and a P/E ratio of 24.95. The company’s 50 day moving average price is $8.62 and its 200-day moving average price is $6.87.

Several hedge funds have made changes to their positions in SBS. Bank of Montreal Can increased 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 valued at $1,012,000 after buying an additional 17,610 shares in the last quarter. Alpine Woods Capital Investors LLC increased 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 valued at $1,573,000 after buying an additional 64,800 shares in the last quarter. KBC Group NV increased 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 valued at $2,593,000 after buying an additional 30,385 shares in the last quarter. Finally, First Trust Advisors LP increased 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 valued at $4,096,000 after buying an additional 39,882 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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