GAMMA Investing LLC Grows Stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

GAMMA Investing LLC grew its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 3,664.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,111 shares of the utilities provider's stock after buying an additional 22,497 shares during the quarter. GAMMA Investing LLC's holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $413,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the 4th quarter worth about $26,000. J.Safra Asset Management Corp purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter worth approximately $54,000. Signaturefd LLC increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 25.9% during the fourth quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock worth $133,000 after acquiring an additional 1,917 shares during the period. Anchor Pointe Wealth Management LLC purchased a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter worth approximately $144,000. Finally, Guggenheim Capital LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter valued at approximately $153,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Performance

NYSE SBS traded down $0.16 on Monday, reaching $20.61. 811,268 shares of the company's stock traded hands, compared to its average volume of 1,111,908. The firm has a market cap of $14.08 billion, a price-to-earnings ratio of 7.69 and a beta of 0.73. The stock has a 50 day moving average price of $20.29 and a 200-day moving average price of $17.63. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a fifty-two week low of $13.11 and a fifty-two week high of $21.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 0.89.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $7.67 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 29.18% and a net margin of 28.70%. Equities research analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current fiscal year.

Companhia de saneamento Basico Do Estado De Sao 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.