Balyasny Asset Management L.P. Sells 57,422 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Balyasny Asset Management L.P. lowered its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 65.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,344 shares of the utilities provider's stock after selling 57,422 shares during the quarter. Balyasny Asset Management L.P.'s holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SBS. Barclays PLC grew its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.7% during the third quarter. Barclays PLC now owns 651,123 shares of the utilities provider's stock valued at $10,769,000 after buying an additional 29,228 shares during the period. Trium Capital LLP grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.3% during the 4th quarter. Trium Capital LLP now owns 55,608 shares of the utilities provider's stock valued at $797,000 after acquiring an additional 3,782 shares during the period. Ballentine Partners LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at $145,000. Perpetual Ltd increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.4% in the 4th quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider's stock worth $10,088,000 after purchasing an additional 54,326 shares in the last quarter. Finally, Strategic Investment Advisors MI bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth $147,000. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Performance

Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded down $0.08 during midday trading on Thursday, hitting $20.80. The stock had a trading volume of 130,385 shares, compared to its average volume of 1,099,940. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52-week low of $13.10 and a 52-week high of $21.10. The company has a market capitalization of $14.22 billion, a PE ratio of 8.19 and a beta of 0.81. The firm's fifty day moving average is $18.93 and its two-hundred day moving average is $16.90. 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 (NYSE:SBS - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). 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 $1.04 billion during the quarter, compared to analysts' expectations of $7.67 billion. On average, research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a report on Tuesday.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Company 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.