Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Shares Sold by Bank of America Corp DE

Bank of America Corp DE trimmed its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,033 shares of the utilities provider's stock after selling 72,482 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $7,079,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.7% in the third quarter. Barclays PLC now owns 651,123 shares of the utilities provider's stock valued at $10,769,000 after purchasing an additional 29,228 shares during the period. Ballentine Partners LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth about $145,000. Strategic Investment Advisors MI acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth about $147,000. Blue Trust Inc. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 82.7% in the fourth quarter. Blue Trust Inc. now owns 39,008 shares of the utilities provider's stock valued at $559,000 after acquiring an additional 17,662 shares in the last quarter. Finally, Verde Servicos Internacionais S.A. raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 603.1% in the fourth quarter. Verde Servicos Internacionais S.A. now owns 667,196 shares of the utilities provider's stock valued at $9,561,000 after acquiring an additional 572,308 shares in the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded down $0.51 during midday trading on Friday, reaching $20.48. The company's stock had a trading volume of 111,445 shares, compared to its average volume of 1,032,157. The firm has a market capitalization of $13.99 billion, a PE ratio of 8.07 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a fifty-two week low of $13.10 and a fifty-two week high of $21.14. The stock's 50 day simple moving average is $19.30 and its 200 day simple moving average is $17.10.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its earnings results 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates 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%. On average, equities research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

Analysts Set New Price Targets

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

Companhia de Saneamento Básico do Estado de São 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.