39,676 Shares in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Purchased by Penserra Capital Management LLC

Penserra Capital Management LLC bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 39,676 shares of the utilities provider's stock, valued at approximately $708,000.

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 150.4% in the fourth quarter. Jane Street Group LLC now owns 33,876 shares of the utilities provider's stock valued at $485,000 after purchasing an additional 20,349 shares in the last quarter. Handelsbanken Fonder AB bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter valued at $803,000. GAMMA Investing LLC lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3,664.0% in the first quarter. GAMMA Investing LLC now owns 23,111 shares of the utilities provider's stock valued at $413,000 after acquiring an additional 22,497 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter valued at $218,000. Finally, Two Sigma Investments LP acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the fourth quarter valued at $1,024,000. 10.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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

Shares of NYSE SBS traded down $0.21 during mid-day trading on Monday, reaching $19.90. 550,867 shares of the company were exchanged, compared to its average volume of 1,019,400. The company's 50-day simple moving average is $20.72 and its 200-day simple moving average is $18.27. 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 stock has a market capitalization of $13.60 billion, a P/E ratio of 7.42 and a beta of 0.73. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $13.87 and a twelve month high of $22.18.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $7.67 billion. As a group, research analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 earnings per share for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Company 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.