Trium Capital LLP Trims Stake in 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% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,265 shares of the utilities provider's stock after selling 12,343 shares during the quarter. 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.

A number of other institutional investors have also recently bought and sold shares of SBS. First Affirmative Financial Network grew its position 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 valued at $320,000 after purchasing an additional 565 shares during the last quarter. Ameriprise Financial Inc. grew its position 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 worth $422,000 after buying an additional 776 shares in the last quarter. Quadrant Capital Group LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 7.9% during the fourth quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock worth $186,000 after buying an additional 950 shares in the last quarter. Quantinno Capital Management LP grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 9.3% during the fourth quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock worth $209,000 after buying an additional 1,237 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 7.1% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,429 shares of the utilities provider's stock worth $278,000 after buying an additional 1,289 shares in the last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Trading Down 0.2%

SBS traded down $0.04 during midday trading on Friday, hitting $20.08. 1,411,766 shares of the company were exchanged, compared to its average volume of 1,083,133. The firm's 50 day moving average price is $20.72 and its 200-day moving average price is $18.24. 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 firm has a market capitalization of $13.72 billion, a P/E ratio of 7.49 and a beta of 0.73.

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 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The firm 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, equities analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen cut 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.

About Companhia de saneamento Basico Do Estado De Sao 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.