Maryland State Retirement & Pension System Increases Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Maryland State Retirement & Pension System increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 602,456 shares of the utilities provider’s stock after buying an additional 32,958 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $8,633,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after acquiring an additional 911 shares during the period. Rhumbline Advisers raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% during the fourth quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider’s stock worth $1,797,000 after purchasing an additional 1,165 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 15.1% during the third quarter. Quantinno Capital Management LP now owns 13,336 shares of the utilities provider’s stock worth $221,000 after purchasing an additional 1,751 shares during the period. SBI Securities Co. Ltd. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at $26,000. Finally, Signaturefd LLC increased its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% in the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock valued at $133,000 after buying an additional 1,917 shares during the period. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Price Performance

Shares of SBS opened at $17.61 on Wednesday. The firm has a market capitalization of $12.03 billion, a PE ratio of 6.93 and a beta of 1.15. The stock’s 50 day moving average is $16.30 and its two-hundred day moving average is $16.07. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a twelve month low of $13.10 and a twelve month high of $18.36. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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.