Jane Street Group LLC Raises Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Jane Street Group LLC boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 150.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,876 shares of the utilities provider's stock after purchasing an additional 20,349 shares during the period. Jane Street Group LLC's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBS. SBI Securities Co. Ltd. acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth about $26,000. J.Safra Asset Management Corp acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth about $54,000. R Squared Ltd acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth about $66,000. Signaturefd LLC grew its position in 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 worth $133,000 after purchasing an additional 1,917 shares during the period. Finally, Guggenheim Capital LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth about $153,000. 10.62% of the stock is owned by institutional investors and hedge funds.

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

Shares of NYSE:SBS traded down $0.48 during trading on Friday, reaching $20.50. 1,107,628 shares of the company's stock traded hands, compared to its average volume of 1,115,402. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a fifty-two week low of $13.10 and a fifty-two week high of $21.14. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The firm has a market cap of $14.01 billion, a PE ratio of 8.07 and a beta of 0.81. The company has a 50-day simple moving average of $19.35 and a 200-day simple moving average of $17.13.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last posted its earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). 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%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. As a group, analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut 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 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.