Mackenzie Financial Corp Sells 595,870 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Mackenzie Financial Corp lessened its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 16.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SBS. Ameriprise Financial Inc. increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 2.7% in the 4th quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock valued at $422,000 after buying an additional 776 shares during the period. Quadrant Capital Group LLC boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.9% during 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 in the last quarter. Rhumbline Advisers boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 0.9% during 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 in the last quarter. Quantinno Capital Management LP lifted its position in shares of 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 period. Finally, Laird Norton Wetherby Wealth Management LLC lifted its position in shares of 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 period. 10.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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 report on Tuesday, May 20th.

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

Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded down $0.37 during midday trading on Wednesday, hitting $20.68. 860,940 shares of the company were exchanged, compared to its average volume of 1,109,583. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market cap of $14.13 billion, a P/E ratio of 8.14 and a beta of 0.81. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52 week low of $13.10 and a 52 week high of $21.43. The firm has a 50 day simple moving average of $19.22 and a 200-day simple moving average of $17.06.

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 analysts' consensus estimates of $0.38 by ($0.01). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $7.67 billion. 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%. Research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share 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.