Barclays PLC Cuts Stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Barclays PLC lessened its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 91.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,451 shares of the utilities provider's stock after selling 592,672 shares during the quarter. Barclays PLC's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $838,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth approximately $26,000. J.Safra Asset Management Corp bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at about $54,000. R Squared Ltd bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at about $66,000. Signaturefd LLC grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% during the fourth quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock valued at $133,000 after buying an additional 1,917 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at about $145,000. Institutional investors own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Down 2.6%

SBS stock traded down $0.53 during midday trading on Monday, hitting $20.06. The company had a trading volume of 487,006 shares, compared to its average volume of 1,083,058. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52 week low of $13.10 and a 52 week high of $21.13. The stock's 50 day moving average price is $18.30 and its 200 day moving average price is $16.65. The stock has a market cap of $13.71 billion, a price-to-earnings ratio of 7.90 and a beta of 0.81.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its earnings results on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.43. The company had revenue of $981.20 million during the quarter, compared to the consensus estimate of $6.89 billion. 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%. As a group, equities research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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.

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.