Advisors Preferred LLC Makes New $284,000 Investment in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

Advisors Preferred LLC acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,758 shares of the utilities provider's stock, valued at approximately $284,000.

A number of other large investors have also recently bought and sold shares of SBS. American Century Companies Inc. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 9.0% during the fourth quarter. American Century Companies Inc. now owns 492,689 shares of the utilities provider's stock worth $7,060,000 after buying an additional 40,615 shares in the last quarter. Sei Investments Co. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 12.4% during the fourth quarter. Sei Investments Co. now owns 79,858 shares of the utilities provider's stock worth $1,144,000 after buying an additional 8,826 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 41.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider's stock worth $9,945,000 after buying an additional 202,967 shares in the last quarter. Alliancebernstein L.P. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3,464.7% during the fourth quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider's stock worth $12,715,000 after buying an additional 862,376 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 6.1% during the fourth quarter. Geode Capital Management LLC now owns 29,349 shares of the utilities provider's stock worth $421,000 after buying an additional 1,683 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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 report on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Trading Down 2.2%

Shares of SBS stock traded down $0.44 during trading hours on Friday, hitting $19.29. 1,572,640 shares of the company were exchanged, compared to its average volume of 908,145. The company has a 50 day simple moving average of $20.64 and a two-hundred day simple moving average of $18.62. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a fifty-two week low of $13.87 and a fifty-two week high of $22.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $13.18 billion, a P/E ratio of 7.20 and a beta of 0.73.

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 the consensus estimate of $0.38 by ($0.01). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $7.67 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a net margin of 28.70% and a return on equity of 29.18%. Equities analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS 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.