Two Sigma Investments LP Takes Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Two Sigma Investments LP purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 71,426 shares of the utilities provider's stock, valued at approximately $1,024,000.

Several other hedge funds and other institutional investors have also modified their holdings of SBS. Two Sigma Advisers LP grew its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.9% in the fourth quarter. Two Sigma Advisers LP now owns 99,400 shares of the utilities provider's stock valued at $1,424,000 after purchasing an additional 4,600 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 9.3% during the 4th quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock valued at $209,000 after buying an additional 1,237 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Companhia de Saneamento Básico do Estado de São 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 buying an additional 1,289 shares in the last quarter. Deutsche Bank AG increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 55.1% in the fourth quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock worth $89,337,000 after buying an additional 2,213,846 shares during the last quarter. Finally, CoreCommodity Management LLC raised its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 82.8% during the fourth quarter. CoreCommodity Management LLC now owns 154,451 shares of the utilities provider's stock valued at $2,213,000 after acquiring an additional 69,942 shares in the last quarter. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 2.1%

Shares of NYSE:SBS opened at $20.56 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $14.05 billion, a PE ratio of 8.09 and a beta of 0.72. 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 firm has a fifty day moving average price of $19.55 and a 200 day moving average price of $17.23.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its quarterly 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 company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $7.67 billion. 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%. Analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About Companhia de Saneamento Básico do Estado de São 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.