Wexford Capital LP Has $7.11 Million Stock Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Wexford Capital LP increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 57.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 496,169 shares of the utilities provider's stock after buying an additional 180,057 shares during the quarter. Companhia de Saneamento Básico do Estado de São Paulo - SABESP accounts for 1.1% of Wexford Capital LP's portfolio, making the stock its 11th biggest holding. Wexford Capital LP owned approximately 0.07% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $7,110,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth approximately $1,024,000. Two Sigma Advisers LP lifted its position 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 worth $1,424,000 after purchasing an additional 4,600 shares during the period. Quantinno Capital Management LP boosted its stake in Companhia de Saneamento Básico do Estado de São 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. Laird Norton Wetherby Wealth Management LLC increased its holdings in 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 during the period. Finally, Deutsche Bank AG raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 55.1% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 10.62% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered 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.

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

Shares of NYSE:SBS traded up $0.15 during trading on Friday, reaching $20.66. The stock had a trading volume of 950,287 shares, compared to its average volume of 1,104,720. The business's 50-day moving average price is $18.99 and its 200 day moving average price is $16.93. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 52 week low of $13.10 and a 52 week high of $21.10. The stock has a market capitalization of $14.12 billion, a PE ratio of 8.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.

Companhia de Saneamento Básico do Estado de São 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). 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%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $7.67 billion. As a group, equities analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current 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.