Mackenzie Financial Corp Has $42.86 Million Stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Mackenzie Financial Corp trimmed its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,991,067 shares of the utilities provider's stock after selling 595,870 shares during the quarter. Mackenzie Financial Corp owned approximately 0.44% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $42,862,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 20.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 53,235 shares of the utilities provider's stock valued at $763,000 after acquiring an additional 8,930 shares in the last quarter. Vident Advisory LLC lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 59.2% in the fourth quarter. Vident Advisory LLC now owns 52,402 shares of the utilities provider's stock valued at $751,000 after purchasing an additional 19,490 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 9.5% in the fourth quarter. Squarepoint Ops LLC now owns 54,515 shares of the utilities provider's stock worth $781,000 after buying an additional 4,708 shares during the period. Wexford Capital LP boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 57.0% in the fourth quarter. Wexford Capital LP now owns 496,169 shares of the utilities provider's stock worth $7,110,000 after buying an additional 180,057 shares during the period. Finally, Two Sigma Investments LP purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at $1,024,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of SBS stock traded down $0.62 during trading on Friday, hitting $20.37. 357,899 shares of the company were exchanged, compared to its average volume of 1,108,135. The business'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 has a twelve month low of $13.10 and a twelve month high of $21.34. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 8.02 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 (NYSE:SBS - Get Free Report) last released its earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share (EPS) 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 analysts' expectations 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%. As a group, analysts forecast 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 research note on Tuesday, May 20th.

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.