Vident Advisory LLC Boosts Holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Vident Advisory LLC lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 59.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,402 shares of the utilities provider's stock after purchasing 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.

Several other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth about $26,000. J.Safra Asset Management Corp purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at $54,000. R Squared Ltd acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at approximately $66,000. Signaturefd LLC boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% during the 4th 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 last quarter. Finally, Ballentine Partners LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at $145,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of SBS traded down $0.37 during mid-day trading on Wednesday, hitting $20.68. The company's stock had a trading volume of 860,940 shares, compared to its average volume of 1,108,323. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1-year low of $13.10 and a 1-year high of $21.43. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $14.13 billion, a P/E ratio of 8.14 and a beta of 0.81. The firm has a 50-day simple moving average of $19.16 and a 200 day simple moving average of $17.04.

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 for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). The company 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 return on equity of 27.73% and a net margin of 25.62%. Analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal 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 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.