Two Sigma Investments LP Invests $1.02 Million in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

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

Several other institutional investors have also recently made changes to their positions in SBS. Deutsche Bank AG grew its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 55.1% during the fourth quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock valued at $89,337,000 after buying an additional 2,213,846 shares during the period. Alliancebernstein L.P. grew its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 3,464.7% during the 4th quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider's stock valued at $12,715,000 after acquiring an additional 862,376 shares during the period. Northern Trust Corp increased its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 135.5% in the 4th quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider's stock valued at $19,734,000 after purchasing an additional 792,330 shares in the last quarter. Amundi raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.7% in the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider's stock worth $96,732,000 after purchasing an additional 426,669 shares during the period. Finally, Pictet Asset Management Holding SA boosted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 41.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider's stock worth $9,945,000 after purchasing an additional 202,967 shares in the last quarter. 10.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut 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.

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

SBS traded down $0.26 during midday trading on Monday, hitting $20.23. 1,281,913 shares of the company traded hands, compared to its average volume of 1,113,851. The business has a 50 day simple moving average of $19.60 and a two-hundred day simple moving average of $17.26. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52-week low of $13.10 and a 52-week high of $21.14. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 7.96 and a beta of 0.72. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last issued 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). Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 25.62% and a return on equity of 27.73%. The company had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $7.67 billion. On average, equities analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share 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.