Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Hits New 12-Month High - Here's What Happened

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $21.67 and last traded at $21.58, with a volume of 288326 shares. The stock had previously closed at $20.97.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Price Performance

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $20.65 and a 200 day moving average of $17.94. The firm has a market capitalization of $14.82 billion, a PE ratio of 8.09 and a beta of 0.73.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 29.18% and a net margin of 28.70%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $7.67 billion. As a group, research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

A number of institutional investors have recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 1st quarter worth approximately $29,142,000. Jane Street Group LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 349.0% during the first quarter. Jane Street Group LLC now owns 152,113 shares of the utilities provider's stock valued at $2,717,000 after acquiring an additional 118,237 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 182.6% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 29,828 shares of the utilities provider's stock worth $533,000 after acquiring an additional 19,274 shares during the period. Itau Unibanco Holding S.A. lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 62.4% during the first quarter. Itau Unibanco Holding S.A. now owns 579,489 shares of the utilities provider's stock worth $10,073,000 after acquiring an additional 222,724 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 5.5% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 57,023 shares of the utilities provider's stock worth $1,018,000 after purchasing an additional 2,995 shares during the last quarter. 10.62% of the stock is owned by institutional investors.

Companhia de saneamento Basico Do Estado De Sao 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.