Mackenzie Financial Corp lowered its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 20.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,391,589 shares of the utilities provider's stock after selling 599,478 shares during the quarter. Mackenzie Financial Corp owned about 0.35% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $42,714,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the stock. Assetmark Inc. lifted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1.2% in the first quarter. Assetmark Inc. now owns 726,980 shares of the utilities provider's stock worth $12,984,000 after purchasing an additional 8,821 shares during the period. Advisors Preferred LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter worth about $284,000. Cerity Partners LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in the first quarter worth about $288,000. Capital Advisors Inc. OK acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter worth about $214,000. Finally, Penserra Capital Management LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 1st quarter worth about $708,000. Institutional investors and hedge funds own 10.62% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded 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.
Check Out Our Latest Analysis on SBS
Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Up 1.4%
Shares of SBS traded up $0.27 during trading hours on Friday, reaching $19.55. The company's stock had a trading volume of 1,294,907 shares, compared to its average volume of 1,116,272. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 7.29 and a beta of 0.70. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 1-year low of $13.87 and a 1-year high of $22.18. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $20.50 and a two-hundred day moving average of $18.79.
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 analysts' consensus estimates of $0.38 by ($0.01). The business 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 net margin of 28.70% and a return on equity of 29.18%. As a group, 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 Profile
(
Free Report)
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.
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