Renaissance Technologies LLC Boosts Stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Renaissance Technologies LLC boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,730,495 shares of the utilities provider's stock after purchasing an additional 33,200 shares during the quarter. Renaissance Technologies LLC owned about 0.25% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $24,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of SBS. Public Employees Retirement System of Ohio purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the third quarter valued at $733,000. State Street Corp grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 15.1% during the third quarter. State Street Corp now owns 470,822 shares of the utilities provider's stock valued at $7,787,000 after purchasing an additional 61,874 shares in the last quarter. Quilter Plc increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.3% in the fourth quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider's stock worth $14,971,000 after purchasing an additional 43,436 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth about $26,000. Finally, Perpetual Ltd boosted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.4% during the fourth quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider's stock valued at $10,088,000 after buying an additional 54,326 shares during the last quarter. Institutional investors own 10.62% of the company's stock.

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Analysts Set New Price Targets

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 Trading Down 1.0 %

Shares of NYSE:SBS traded down $0.19 during trading on Tuesday, reaching $18.37. The company's stock had a trading volume of 1,947,330 shares, compared to its average volume of 1,069,247. The firm's 50 day simple moving average is $17.26 and its two-hundred day simple moving average is $16.20. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12 month low of $13.10 and a 12 month high of $18.95. The stock has a market capitalization of $12.56 billion, a PE ratio of 7.23 and a beta of 0.77.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last posted 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%. On average, research analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Profile

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.