B. Metzler seel. Sohn & Co. AG cut its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 23.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 54,028 shares of the utilities provider's stock after selling 16,527 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $774,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Rhumbline Advisers lifted its stake 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 buying an additional 1,165 shares during the period. Quantinno Capital Management LP raised its holdings 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 acquiring an additional 1,751 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth approximately $26,000. Signaturefd LLC grew its holdings 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. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 10.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,137 shares of the utilities provider's stock worth $333,000 after purchasing an additional 2,164 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded 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.
Check Out Our Latest Stock Report on Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance
SBS traded down $0.10 during trading on Tuesday, hitting $17.02. The company's stock had a trading volume of 457,037 shares, compared to its average volume of 885,177. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $11.63 billion, a price-to-earnings ratio of 6.70 and a beta of 0.77. The firm's 50 day moving average price is $17.05 and its two-hundred day moving average price is $16.14. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12 month low of $13.10 and a 12 month high of $18.94.
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, beating analysts' consensus estimates of $0.06 by $0.43. The business had revenue of $981.20 million during the quarter, compared to analysts' expectations of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a return on equity of 27.73% and a net margin of 25.62%. Sell-side analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company Profile
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Free Report)
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.
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