Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 3,664.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 23,111 shares of the utilities provider's stock after buying an additional 22,497 shares during the period. 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.

A number of other institutional investors and hedge funds have also made changes to their positions in SBS. Rhumbline Advisers increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 0.9% during the fourth quarter. Rhumbline Advisers now owns 125,403 shares of the utilities provider's stock worth $1,797,000 after acquiring an additional 1,165 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter worth about $242,000. Metis Global Partners LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 33.7% during the fourth quarter. Metis Global Partners LLC now owns 18,930 shares of the utilities provider's stock worth $271,000 after acquiring an additional 4,773 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter worth about $26,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter worth about $164,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp stock traded down $0.31 on Friday, reaching $20.79. 1,223,886 shares of the stock were exchanged, compared to its average volume of 1,113,081. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average price of $20.25 and a two-hundred day moving average price of $17.56. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 1-year low of $13.11 and a 1-year high of $21.39. The firm has a market capitalization of $14.21 billion, a PE ratio of 7.76 and a beta of 0.72.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last issued its earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). 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%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. As a group, research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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 research note on Tuesday, May 20th.

About Companhia de saneamento Basico Do Estado De Sao 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.