Jane Street Group LLC Acquires 20,349 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Jane Street Group LLC raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 150.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,876 shares of the utilities provider's stock after buying an additional 20,349 shares during the quarter. 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.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quilter Plc lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.3% during the fourth quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider's stock valued at $14,971,000 after buying an additional 43,436 shares during the period. SBI Securities Co. Ltd. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter valued at $26,000. Blue Trust Inc. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 82.7% during the fourth quarter. Blue Trust Inc. now owns 39,008 shares of the utilities provider's stock valued at $559,000 after buying an additional 17,662 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 10.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,137 shares of the utilities provider's stock valued at $333,000 after buying an additional 2,164 shares during the period. Finally, Amundi lifted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.7% during the fourth quarter. Amundi now owns 6,752,801 shares of the utilities provider's stock valued at $96,732,000 after buying an additional 426,669 shares during the period. Hedge funds and other institutional investors own 10.62% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered 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 Stock Up 1.5%

Shares of SBS traded up $0.30 during trading hours on Tuesday, hitting $20.55. The company had a trading volume of 676,347 shares, compared to its average volume of 1,115,854. The firm has a fifty day moving average price of $19.45 and a 200-day moving average price of $17.18. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of 8.09 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 $21.14.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal 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.