Dimensional Fund Advisors LP Increases Holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Dimensional Fund Advisors LP increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,282 shares of the utilities provider's stock after acquiring an additional 68,174 shares during the quarter. Dimensional Fund Advisors LP's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $4,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth approximately $26,000. J.Safra Asset Management Corp bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth approximately $54,000. R Squared Ltd bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth approximately $66,000. Signaturefd LLC grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% in the 4th 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 bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth approximately $145,000. 10.62% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 0.8%

Shares of SBS stock traded up $0.16 during trading hours on Friday, reaching $20.51. The company's stock had a trading volume of 752,460 shares, compared to its average volume of 1,100,593. The stock has a market capitalization of $14.02 billion, a P/E ratio of 8.07 and a beta of 0.81. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a one year low of $13.10 and a one year high of $20.92. The firm's fifty day simple moving average is $18.69 and its 200 day simple moving average is $16.80. 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 (NYSE:SBS - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $7.67 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%. Equities research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP 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.