29,192 Shares in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Purchased by KBC Group NV

KBC Group NV bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 29,192 shares of the utilities provider's stock, valued at approximately $521,000.

Several other large investors have also recently bought and sold shares of SBS. Jane Street Group LLC raised its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 150.4% in the 4th quarter. Jane Street Group LLC now owns 33,876 shares of the utilities provider's stock worth $485,000 after purchasing an additional 20,349 shares in the last quarter. Handelsbanken Fonder AB purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the first quarter valued at approximately $803,000. GAMMA Investing LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3,664.0% during the first quarter. GAMMA Investing LLC now owns 23,111 shares of the utilities provider's stock valued at $413,000 after purchasing an additional 22,497 shares in the last quarter. Cetera Investment Advisers bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter worth approximately $218,000. Finally, Two Sigma Investments LP bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter worth approximately $1,024,000. Institutional investors and hedge funds own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Performance

SBS stock opened at $21.69 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $14.82 billion, a price-to-earnings ratio of 8.09 and a beta of 0.73. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 12 month low of $13.87 and a 12 month high of $22.18. The firm has a 50 day moving average of $20.68 and a two-hundred day moving average of $17.99.

Companhia de saneamento Basico Do Estado De Sao 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). Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 29.18% and a net margin of 28.70%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $7.67 billion. As a group, equities analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th.

About Companhia de saneamento Basico Do Estado De Sao 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.

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