Vident Advisory LLC Has $751,000 Holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Vident Advisory LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 59.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,402 shares of the utilities provider's stock after buying an additional 19,490 shares during the quarter. Vident Advisory LLC's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $751,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Ameriprise Financial Inc. increased its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 2.7% in the fourth quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock valued at $422,000 after purchasing an additional 776 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.9% in the fourth quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock valued at $186,000 after purchasing an additional 950 shares during the last quarter. Rhumbline Advisers boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% in the fourth quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock valued at $1,797,000 after purchasing an additional 1,165 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 9.3% during the 4th quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock worth $209,000 after buying an additional 1,237 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.1% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,429 shares of the utilities provider's stock worth $278,000 after buying an additional 1,289 shares during the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Down 2.9%

Shares of SBS stock traded down $0.61 on Friday, reaching $20.37. 271,846 shares of the company's stock traded hands, compared to its average volume of 1,107,657. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12-month low of $13.10 and a 12-month high of $21.34. 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 company has a market capitalization of $13.92 billion, a P/E ratio of 8.01 and a beta of 0.81. The business's 50 day moving average price is $19.30 and its two-hundred day moving average price is $17.10.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). 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%. The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $7.67 billion. On average, equities 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 downgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.

Companhia de Saneamento Básico do Estado de São 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.