Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. raised its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 492,689 shares of the utilities provider's stock after acquiring an additional 40,615 shares during the quarter. American Century Companies Inc. owned approximately 0.07% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $7,060,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBS. Rhumbline Advisers grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% in the fourth quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock valued at $1,797,000 after purchasing an additional 1,165 shares in the last quarter. Quantinno Capital Management LP boosted its position in 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 period. SBI Securities Co. Ltd. acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth $26,000. Signaturefd LLC increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% during the fourth quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock worth $133,000 after acquiring an additional 1,917 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of 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 in the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Separately, StockNews.com raised 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 Stock Down 1.4 %

Shares of SBS stock traded down $0.25 during trading hours on Tuesday, reaching $16.87. 2,023,000 shares of the stock were exchanged, compared to its average volume of 1,051,974. The business's fifty day moving average is $17.09 and its two-hundred day moving average is $16.14. The firm has a market capitalization of $11.53 billion, a P/E ratio of 6.64 and a beta of 0.77. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12-month low of $13.10 and a 12-month high of $18.95. 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 announced its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.43. The business had revenue of $981.20 million for the quarter, compared to analyst estimates of $6.89 billion. 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%. As a group, research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

Companhia de Saneamento Básico do Estado de São 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.