Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Reaches New 1-Year High - Here's What Happened

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report)'s share price reached 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 traded. The stock had previously closed at $20.97.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of 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 Stock Up 4.9%

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.89 and a quick ratio of 0.89. The stock's fifty day simple moving average is $20.53 and its 200-day simple moving average is $17.84. The stock has a market cap of $15.04 billion, a P/E ratio of 8.21 and a beta of 0.73.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. 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%. On average, research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 earnings per share for the current year.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

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

About Companhia de saneamento Basico Do Estado De Sao 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.