Fox Run Management L.L.C. Acquires 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 position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,579 shares of the utilities provider's stock, valued at approximately $510,000.

Several other hedge funds also recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in shares of 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 worth $421,000 after purchasing an additional 1,683 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 129.0% in the 4th 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 during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 188.7% in the 4th 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 during the last quarter. Guggenheim Capital LLC bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter valued at $153,000. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 6.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 359,581 shares of the utilities provider's stock worth $5,142,000 after purchasing an additional 22,589 shares during the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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 research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Trading Up 2.8%

Shares of NYSE SBS traded up $0.6050 during midday trading on Friday, hitting $21.9350. 606,163 shares of the company traded hands, compared to its average volume of 1,044,671. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 12-month low of $13.87 and a 12-month high of $22.88. The firm has a market cap of $14.99 billion, a P/E ratio of 7.59 and a beta of 0.70. The stock has a 50-day moving average price of $20.62 and a 200 day moving average price of $19.27. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Company 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.