Campbell & CO Investment Adviser LLC Takes Position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• Cambell & CO Investment Adviser LLC purchased 125,276 shares of Companhia de Saneamento Basico do Estado de Sao Paulo - Sabesp (NYSE:SBS), valued at approximately $2,237,000, in the 1st quarter.
• Other institutional investors have significantly increased their stakes in the company, with Brooklyn Investment Group raising its share by 166.0% and Farther Finance Advisors LLC by 1,451.6%.
• Analyst ratings have changed, with Wall Street Zen downgrading Sabesp from a "buy" to a "hold," although the stock still maintains an overall average rating of "Strong Buy".

Campbell & CO Investment Adviser LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 125,276 shares of the utilities provider's stock, valued at approximately $2,237,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 29,349 shares of the utilities provider's stock valued at $421,000 after buying an additional 1,683 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 129.0% in the fourth quarter. Wells Fargo & Company MN now owns 15,899 shares of the utilities provider's stock worth $228,000 after acquiring an additional 8,955 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 188.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 105,648 shares of the utilities provider's stock worth $1,514,000 after acquiring an additional 69,048 shares in the last quarter. Guggenheim Capital LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter worth $153,000. Finally, First Trust Advisors LP boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1.9% in the fourth quarter. First Trust Advisors LP now owns 1,401,173 shares of the utilities provider's stock worth $20,079,000 after acquiring an additional 26,125 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Performance

NYSE:SBS traded up $0.29 during mid-day trading on Thursday, hitting $22.45. 1,282,789 shares of the company traded hands, compared to its average volume of 1,044,036. The stock's fifty day moving average price is $20.69 and its 200-day moving average price is $19.41. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a one year low of $13.87 and a one year high of $22.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of 7.77 and a beta of 0.70.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp presently has an average rating of "Strong Buy".

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.