12,000 Shares in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Purchased by Capital Advisors Inc. OK

Capital Advisors Inc. OK purchased a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,000 shares of the utilities provider's stock, valued at approximately $214,000.

Other hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter valued at approximately $26,000. Farther Finance Advisors LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1,451.6% during the first 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 period. Rossby Financial LCC acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the first quarter valued at approximately $141,000. Signaturefd LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 25.9% during the fourth quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock valued at $133,000 after acquiring an additional 1,917 shares during the period. Finally, Anchor Pointe Wealth Management LLC acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter valued at approximately $144,000. Institutional investors and hedge funds own 10.62% of the company's stock.

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

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock traded down $0.04 during mid-day trading on Friday, hitting $20.08. The company's stock had a trading volume of 1,411,766 shares, compared to its average volume of 1,089,872. 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 $13.72 billion, a P/E ratio of 7.49 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. The stock's fifty day moving average price is $20.72 and its two-hundred day moving average price is $18.21.

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 for the quarter, missing the consensus estimate 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 firm had revenue of $1.04 billion for 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 year.

Analyst Upgrades and Downgrades

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

About Companhia de saneamento Basico Do Estado De Sao 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.