CANADA LIFE ASSURANCE Co Increases Stock Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

CANADA LIFE ASSURANCE Co increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 359,581 shares of the utilities provider's stock after purchasing an additional 22,589 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.05% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $5,142,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SBS. Quadrant Capital Group LLC raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.9% during the 4th quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock worth $186,000 after buying an additional 950 shares during the last quarter. Rhumbline Advisers raised its position in 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 acquiring an additional 1,165 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 29,349 shares of the utilities provider's stock valued at $421,000 after purchasing an additional 1,683 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at approximately $26,000. Finally, Signaturefd LLC increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% during the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock worth $133,000 after purchasing an additional 1,917 shares in the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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 Price Performance

Shares of SBS traded up $0.07 during trading hours on Friday, reaching $20.29. 749,246 shares of the company traded hands, compared to its average volume of 1,061,431. The stock has a market capitalization of $13.87 billion, a PE ratio of 7.99 and a beta of 0.77. The stock has a fifty day simple moving average of $17.59 and a 200 day simple moving average of $16.36. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a fifty-two week low of $13.10 and a fifty-two week high of $20.33. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released 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. The company had revenue of $981.20 million for the quarter, compared to analysts' expectations 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 predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

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.