Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Stock Position Reduced by Quilter Plc

Quilter Plc cut its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 17.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 862,369 shares of the utilities provider's stock after selling 182,349 shares during the quarter. Quilter Plc owned approximately 0.13% of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp worth $15,402,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SBS. SBI Securities Co. Ltd. bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter worth $26,000. J.Safra Asset Management Corp bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the fourth quarter worth about $54,000. Farther Finance Advisors LLC increased its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 1,451.6% in the 1st quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider's stock worth $69,000 after acquiring an additional 3,571 shares during the period. Signaturefd LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 25.9% in 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 last quarter. Finally, Anchor Pointe Wealth Management LLC bought a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp during the 4th quarter valued at $144,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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.

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

Shares of NYSE:SBS traded up $1.03 during trading on Monday, reaching $22.00. The company had a trading volume of 1,095,084 shares, compared to its average volume of 1,107,606. The firm's fifty day moving average is $20.47 and its 200 day moving average is $17.79. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $15.04 billion, a PE ratio of 8.21 and a beta of 0.73. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $13.50 and a twelve month high of $23.00.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last released 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). 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 firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $7.67 billion. On average, equities analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current year.

Companhia de saneamento Basico Do Estado De Sao 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.