Advisors Preferred LLC Takes Position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

Advisors Preferred LLC acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 15,758 shares of the utilities provider's stock, valued at approximately $284,000.

A number of other institutional investors and hedge funds have also bought and sold shares of SBS. Farther Finance Advisors LLC boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1,451.6% during the 1st quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider's stock valued at $69,000 after acquiring an additional 3,571 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter valued at about $141,000. Anchor Pointe Wealth Management LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter valued at about $144,000. Guggenheim Capital LLC purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter valued at about $153,000. Finally, Capital Advisors Inc. OK purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter valued at about $214,000. 10.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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 report on Tuesday, May 20th.

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

Shares of SBS traded down $0.37 on Thursday, reaching $19.74. The company's stock had a trading volume of 788,346 shares, compared to its average volume of 896,778. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $13.49 billion, a P/E ratio of 7.36 and a beta of 0.73. The stock's 50 day simple moving average is $20.68 and its two-hundred day simple moving average is $18.52. 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.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 earnings per share (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 during the quarter, compared to analysts' expectations of $7.67 billion. Research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 earnings per share for the current fiscal year.

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