Dimensional Fund Advisors LP Acquires 68,174 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Dimensional Fund Advisors LP lifted its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 30.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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.

Several other hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP increased its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 1.9% during the fourth quarter. First Trust Advisors LP now owns 1,401,173 shares of the utilities provider's stock worth $20,079,000 after buying an additional 26,125 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.7% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 359,581 shares of the utilities provider's stock valued at $5,142,000 after acquiring an additional 22,589 shares during the period. Guggenheim Capital LLC bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at about $153,000. Renaissance Technologies LLC boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 2.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,730,495 shares of the utilities provider's stock valued at $24,798,000 after acquiring an additional 33,200 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.9% during the fourth quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock valued at $186,000 after acquiring an additional 950 shares during the period. 10.62% of the stock is owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

Shares of NYSE:SBS traded up $0.05 during trading on Thursday, reaching $20.35. The stock had a trading volume of 1,115,132 shares, compared to its average volume of 1,098,134. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The business's 50-day moving average price is $18.61 and its 200 day moving average price is $16.76. 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 stock has a market capitalization of $13.91 billion, a PE ratio of 8.01 and a beta of 0.81.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). 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%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $7.67 billion. As a group, equities analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

Analysts Set New Price Targets

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

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.