Envestnet Asset Management Inc. Boosts Stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Envestnet Asset Management Inc. grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 188.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,648 shares of the utilities provider's stock after purchasing an additional 69,048 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $1,514,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Down 1.5 %

NYSE:SBS traded down $0.31 during midday trading on Thursday, reaching $20.03. 1,009,039 shares of the stock traded hands, compared to its average volume of 1,072,007. The business has a 50-day moving average of $17.78 and a two-hundred day moving average of $16.45. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12-month low of $13.10 and a 12-month high of $21.35. The stock has a market capitalization of $13.69 billion, a PE ratio of 7.88 and a beta of 0.77.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 EPS for the quarter, beating the consensus estimate of $0.06 by $0.43. 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 firm had revenue of $981.20 million during the quarter, compared to analyst estimates of $6.89 billion. On average, equities analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

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.