Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Sets New 52-Week High - Here's What Happened

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $19.06 and last traded at $19.04, with a volume of 522018 shares traded. The stock had previously closed at $18.71.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 0.3 %

The company has a market capitalization of $13.87 billion, a price-to-earnings ratio of 7.99 and a beta of 0.77. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The business's 50 day moving average price is $17.59 and its two-hundred day moving average price is $16.36.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last issued its earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.43. The firm had revenue of $981.20 million for the quarter, compared to analyst estimates of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 25.62% and a return on equity of 27.73%. On average, equities analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo - SABESP

A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Affirmative Financial Network grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3.3% in the first quarter. First Affirmative Financial Network now owns 17,932 shares of the utilities provider's stock worth $320,000 after purchasing an additional 565 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 2.7% during the fourth quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock valued at $422,000 after acquiring an additional 776 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.9% in the 4th quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock worth $186,000 after acquiring an additional 950 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% in the 4th quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock valued at $1,797,000 after purchasing an additional 1,165 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 9.3% during the 4th quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock valued at $209,000 after purchasing an additional 1,237 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.

About Companhia de Saneamento Básico do Estado de São 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.