Legal & General Group Plc lowered its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 781,370 shares of the utilities provider's stock after selling 27,208 shares during the period. Legal & General Group Plc owned approximately 0.11% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $11,193,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. 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 fourth quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock valued at $186,000 after acquiring an additional 950 shares during the last quarter. Rhumbline Advisers lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% in the 4th quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock worth $1,797,000 after buying an additional 1,165 shares during the period. Geode Capital Management LLC grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.1% in the 4th quarter. Geode Capital Management LLC now owns 29,349 shares of the utilities provider's stock worth $421,000 after buying an additional 1,683 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at approximately $26,000. Finally, Signaturefd LLC raised its holdings 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 valued at $133,000 after acquiring an additional 1,917 shares in the last quarter. Institutional investors 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 report on Tuesday, April 1st.
Check Out Our Latest Research Report on SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 2.8 %
Shares of NYSE SBS traded up $0.52 during midday trading on Tuesday, hitting $19.23. 2,134,302 shares of the company traded hands, compared to its average volume of 1,054,372. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12-month low of $13.10 and a 12-month high of $19.27. The firm has a market cap of $13.14 billion, a P/E ratio of 7.57 and a beta of 0.77. The stock has a 50-day moving average price of $17.45 and a 200 day moving average price of $16.28. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last posted its earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.43. 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%. The firm had revenue of $981.20 million for the quarter, compared to the consensus estimate of $6.89 billion. As a group, analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current 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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