Connor Clark & Lunn Investment Management Ltd. Cuts Stock Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 39.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 558,797 shares of the utilities provider’s stock after selling 364,617 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.08% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $8,008,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.7% during the third quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 911 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 0.9% during the 4th quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider’s stock worth $1,797,000 after buying an additional 1,165 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 15.1% in the 3rd quarter. Quantinno Capital Management LP now owns 13,336 shares of the utilities provider’s stock valued at $221,000 after buying an additional 1,751 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth $26,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 10.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,137 shares of the utilities provider’s stock valued at $333,000 after acquiring an additional 2,164 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a report on Thursday, February 6th.

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

Shares of NYSE SBS opened at $17.25 on Friday. The stock has a market cap of $11.79 billion, a P/E ratio of 6.79 and a beta of 1.15. 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 stock has a 50 day moving average of $16.18 and a two-hundred day moving average of $16.07. 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.