Alliancebernstein L.P. Acquires 862,376 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Alliancebernstein L.P. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 3,464.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 887,266 shares of the utilities provider's stock after acquiring an additional 862,376 shares during the quarter. Alliancebernstein L.P. owned about 0.13% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $12,715,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the third quarter worth approximately $733,000. State Street Corp grew its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% in the 3rd quarter. State Street Corp now owns 470,822 shares of the utilities provider's stock valued at $7,787,000 after buying an additional 61,874 shares during the last quarter. Quilter Plc raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.3% in the 4th quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider's stock worth $14,971,000 after acquiring an additional 43,436 shares during the period. SBI Securities Co. Ltd. acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth $26,000. Finally, Perpetual Ltd boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.4% during the fourth quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider's stock valued at $10,088,000 after acquiring an additional 54,326 shares during the period. 10.62% of the stock is owned by institutional investors.

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Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Performance

Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded down $0.32 during midday trading on Tuesday, hitting $18.24. The company had a trading volume of 378,684 shares, compared to its average volume of 1,060,976. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1-year low of $13.10 and a 1-year high of $18.95. The business's 50 day simple moving average is $17.23 and its two-hundred day simple moving average is $16.18. The stock has a market cap of $12.47 billion, a PE ratio of 7.19 and a beta of 0.77. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last posted its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.43. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 25.62% and a return on equity of 27.73%. The company had revenue of $981.20 million for the quarter, compared to analyst estimates of $6.89 billion. As a group, equities analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São 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.