The Manufacturers Life Insurance Company boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 49.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,225 shares of the utilities provider's stock after buying an additional 55,585 shares during the period. The Manufacturers Life Insurance Company's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $2,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors 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 valued at about $26,000. J.Safra Asset Management Corp purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth approximately $54,000. R Squared Ltd acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at approximately $66,000. Signaturefd LLC raised its holdings 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 worth $133,000 after buying an additional 1,917 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter worth $145,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance
Shares of NYSE SBS opened at $20.59 on Friday. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52 week low of $13.10 and a 52 week high of $20.92. The business's 50 day moving average price is $18.30 and its 200 day moving average price is $16.65. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The firm has a market cap of $14.07 billion, a P/E ratio of 8.11 and a beta of 0.81.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.43. 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%. The firm had revenue of $981.20 million for the quarter, compared to analyst estimates of $6.89 billion. On average, sell-side 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 Upgrades and Downgrades
Separately, StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research report on Friday.
View Our Latest Analysis on Companhia de Saneamento Básico do Estado de São Paulo - SABESP
About Companhia de Saneamento Básico do Estado de São Paulo - SABESP
(
Free Report)
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.
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