Quantbot Technologies LP Has $430,000 Stock Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Quantbot Technologies LP lessened its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 58.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 29,997 shares of the utilities provider's stock after selling 43,062 shares during the quarter. Quantbot Technologies LP's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $430,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at about $26,000. Advisors Asset Management Inc. increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 3,613 shares of the utilities provider's stock valued at $60,000 after acquiring an additional 911 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at approximately $54,000. R Squared Ltd acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at approximately $66,000. Finally, Signaturefd LLC boosted its stake in 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 acquiring an additional 1,917 shares during the last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.

Remove Ads

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Down 0.6 %

SBS stock traded down $0.10 during midday trading on Wednesday, hitting $17.90. 959,739 shares of the company's stock were exchanged, compared to its average volume of 1,038,129. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a one year low of $13.10 and a one year high of $18.36. The stock's fifty day moving average price is $16.94 and its 200-day moving average price is $16.15. The company has a market cap of $12.23 billion, a PE ratio of 7.05 and a beta of 1.15. 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 issued its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.43. The business had revenue of $981.20 million during the quarter, compared to analyst estimates 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%. Research analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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.

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.