Arrowstreet Capital Limited Partnership Sells 521,556 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Arrowstreet Capital Limited Partnership decreased its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 39.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 800,874 shares of the utilities provider's stock after selling 521,556 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.12% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $11,477,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth approximately $26,000. J.Safra Asset Management Corp acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at $54,000. R Squared Ltd acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at $66,000. Signaturefd LLC boosted 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 valued at $133,000 after buying an additional 1,917 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at $145,000. Institutional investors and hedge funds own 10.62% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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.

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Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Up 1.0 %

Shares of NYSE:SBS traded up $0.17 during trading on Thursday, reaching $17.63. 310,790 shares of the company traded hands, compared to its average volume of 1,053,683. The firm has a fifty day simple moving average of $17.14 and a 200 day simple moving average of $16.16. The firm has a market cap of $12.05 billion, a P/E ratio of 6.94 and a beta of 0.77. 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 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 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 the consensus estimate 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%. Analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share 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.