Fox Run Management L.L.C. Buys Shares of 28,579 Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp $SBS

Key Points

• Fox Run Management L.L.C. acquired a new stake of 28,579 shares in Companhia de Saneamento Basico Do Estado De Sao Paulo - Sabesp, valued at approximately $510,000.
• Several other institutional investors also made significant investments in SBS, with ownership by institutions at 10.62% of the company's stock.
• Wall Street Zen downgraded SBS from a "buy" to a "hold" rating in a recent report.

Fox Run Management L.L.C. bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 28,579 shares of the utilities provider's stock, valued at approximately $510,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Deutsche Bank AG boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 55.1% during the 4th quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock valued at $89,337,000 after buying an additional 2,213,846 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 50.6% during the 1st quarter. Citigroup Inc. now owns 2,473,310 shares of the utilities provider's stock valued at $44,173,000 after buying an additional 830,937 shares during the last quarter. First Trust Advisors LP lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1.9% during the fourth quarter. First Trust Advisors LP now owns 1,401,173 shares of the utilities provider's stock worth $20,079,000 after purchasing an additional 26,125 shares during the last quarter. Northern Trust Corp boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 135.5% in the fourth quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider's stock worth $19,734,000 after purchasing an additional 792,330 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 0.5% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,348,460 shares of the utilities provider's stock worth $24,083,000 after purchasing an additional 6,931 shares during the period. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock traded up $0.6240 during mid-day trading on Friday, reaching $21.9540. The company's stock had a trading volume of 830,363 shares, compared to its average volume of 1,314,117. The firm has a market cap of $15.01 billion, a price-to-earnings ratio of 7.60 and a beta of 0.70. The business has a 50 day moving average price of $20.64 and a 200-day moving average price of $19.32. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.69. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $13.87 and a twelve month high of $22.88.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of 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 analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp 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.