Handelsbanken Fonder AB Buys New Shares in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Handelsbanken Fonder AB purchased a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 44,945 shares of the utilities provider's stock, valued at approximately $803,000.

Several other large investors have also recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% in the fourth quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock worth $1,797,000 after buying an additional 1,165 shares during the last quarter. Nkcfo LLC raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 216.7% in the 4th quarter. Nkcfo LLC now owns 19,000 shares of the utilities provider's stock worth $272,000 after acquiring an additional 13,000 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at approximately $242,000. Metis Global Partners LLC lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 33.7% in the 4th quarter. Metis Global Partners LLC now owns 18,930 shares of the utilities provider's stock valued at $271,000 after acquiring an additional 4,773 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter valued at $26,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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

SBS stock traded up $0.20 during trading on Monday, reaching $21.02. The stock had a trading volume of 732,758 shares, compared to its average volume of 1,115,868. The firm has a market cap of $14.36 billion, a PE ratio of 8.27 and a beta of 0.72. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock's 50 day moving average is $19.90 and its two-hundred day moving average is $17.39. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52 week low of $13.10 and a 52 week high of $21.17.

Companhia de Saneamento Básico do Estado de São 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 the consensus estimate of $0.38 by ($0.01). The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $7.67 billion. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 25.62% and a return on equity of 27.73%. As a group, equities analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

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.