Bank of Montreal Can Lowers Stock Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Bank of Montreal Can lessened its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 13.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 175,959 shares of the utilities provider's stock after selling 27,766 shares during the quarter. Bank of Montreal Can's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $2,521,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth about $26,000. J.Safra Asset Management Corp acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth about $54,000. R Squared Ltd purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at approximately $66,000. Signaturefd LLC lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% in 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. Finally, Ballentine Partners LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at about $145,000. Hedge funds and other institutional investors own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 2.8 %

SBS traded up $0.52 during trading on Tuesday, hitting $19.23. The company's stock had a trading volume of 2,134,302 shares, compared to its average volume of 1,054,372. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a twelve month low of $13.10 and a twelve month high of $19.27. The firm's 50 day moving average price is $17.45 and its 200-day moving average price is $16.28. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The stock has a market cap of $13.14 billion, a PE ratio of 7.57 and a beta of 0.77.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released its earnings results on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.89 billion. On average, analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

Analyst Ratings Changes

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.

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.