Vanguard Group Inc. increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 4.3% during the first quarter, Holdings Channel reports. The firm owned 4,915,627 shares of the utilities provider’s stock after buying an additional 201,366 shares during the period. Vanguard Group Inc.’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $51,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SBS. Global X Management Co. LLC increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 1.9% in the first quarter. Global X Management Co. LLC now owns 12,528 shares of the utilities provider’s stock worth $130,000 after buying an additional 237 shares during the period. Koch Industries Inc. bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth approximately $111,000. Bogle Investment Management L P DE bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the first quarter worth approximately $984,000. Ngam Advisors L.P. increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 7.7% in the first quarter. Ngam Advisors L.P. now owns 248,883 shares of the utilities provider’s stock worth $2,591,000 after buying an additional 17,779 shares during the period. Finally, Impax Asset Management LTD increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 10.6% in the first quarter. Impax Asset Management LTD now owns 6,619,404 shares of the utilities provider’s stock worth $68,908,000 after buying an additional 635,474 shares during the period. 15.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE SBS) opened at 10.41 on Thursday. The stock has a 50 day moving average of $10.30 and a 200 day moving average of $10.02. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 1-year low of $7.76 and a 1-year high of $11.33. The firm has a market cap of $7.12 billion, a PE ratio of 7.44 and a beta of 1.77.

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Several research analysts have issued reports on the stock. HSBC Holdings plc downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. ValuEngine raised shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, Citigroup Inc. downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “neutral” rating to a “sell” rating in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a strong buy rating to the company’s stock. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has an average rating of “Hold” and a consensus price target of $12.00.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP is a water and sewage service provider. The Company provides water and sewage services to a range of residential, commercial, industrial and governmental customers in over 360 municipalities in the state of Sao Paulo, including the city of Sao Paulo.

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Institutional Ownership by Quarter for Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

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