15,224 Shares in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Acquired by Cetera Investment Advisers

Cetera Investment Advisers purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 15,224 shares of the utilities provider's stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of SBS. SBI Securities Co. Ltd. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at about $26,000. J.Safra Asset Management Corp purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at about $54,000. Signaturefd LLC increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% in the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock valued at $133,000 after purchasing an additional 1,917 shares in the last quarter. Guggenheim Capital LLC purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at about $153,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at about $164,000. Hedge funds and other institutional investors own 10.62% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of 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.

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

NYSE:SBS traded up $0.42 during mid-day trading on Thursday, hitting $20.56. 814,091 shares of the company's stock traded hands, compared to its average volume of 1,112,100. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The firm's 50 day simple moving average is $19.55 and its 200 day simple moving average is $17.23. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $13.10 and a 1 year high of $21.14. The company has a market cap of $14.05 billion, a PE ratio of 8.09 and a beta of 0.72.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a return on equity of 27.73% and a net margin of 25.62%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. Sell-side analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.

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.