Trium Capital LLP Sells 12,343 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS)

Trium Capital LLP lessened its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report) by 22.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 43,265 shares of the utilities provider's stock after selling 12,343 shares during the period. Trium Capital LLP's holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp were worth $773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. First Affirmative Financial Network boosted its holdings in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3.3% in the first quarter. First Affirmative Financial Network now owns 17,932 shares of the utilities provider's stock worth $320,000 after acquiring an additional 565 shares during the period. Ameriprise Financial Inc. grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 2.7% during the fourth quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock valued at $422,000 after acquiring an additional 776 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 7.9% during the 4th quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock worth $186,000 after acquiring an additional 950 shares during the period. Quantinno Capital Management LP lifted its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 9.3% in the 4th quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock worth $209,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 7.1% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,429 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 1,289 shares during the period. Institutional investors and hedge funds own 10.62% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen downgraded shares of 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.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Trading Down 1.7%

Shares of SBS traded down $0.36 during mid-day trading on Wednesday, hitting $20.60. 584,646 shares of the company's stock traded hands, compared to its average volume of 1,102,293. 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 firm has a market capitalization of $14.08 billion, a P/E ratio of 7.69 and a beta of 0.73. The business's 50-day moving average price is $20.71 and its 200-day moving average price is $18.12. 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.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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, sell-side analysts forecast 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

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.