Millennium Management LLC Lowers Stock Holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Millennium Management LLC trimmed its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 52.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,022 shares of the utilities provider's stock after selling 166,084 shares during the quarter. Millennium Management LLC's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $2,150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds 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 approximately $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 approximately $54,000. Signaturefd LLC lifted 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 acquiring an additional 1,917 shares during the period. Guggenheim Capital LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth approximately $153,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth approximately $164,000. 10.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.

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

Shares of SBS stock traded up $0.42 during trading hours on Thursday, reaching $20.56. 814,091 shares of the company's stock were exchanged, compared to its average volume of 1,112,100. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $13.10 and a 1 year high of $21.14. The company has a market cap of $14.05 billion, a P/E ratio of 8.09 and a beta of 0.72. The company's 50 day moving average is $19.55 and its two-hundred day moving average is $17.23. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last released its quarterly 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 Básico do Estado de São Paulo - SABESP had a return on equity of 27.73% and a net margin of 25.62%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $7.67 billion. Equities research analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP 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.