First Trust Advisors LP Raises Stock Position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

First Trust Advisors LP raised its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,401,173 shares of the utilities provider's stock after purchasing an additional 26,125 shares during the period. First Trust Advisors LP owned about 0.20% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $20,079,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at about $26,000. J.Safra Asset Management Corp acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at about $54,000. R Squared Ltd purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter worth approximately $66,000. Signaturefd LLC boosted its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 25.9% during the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider's stock worth $133,000 after purchasing an additional 1,917 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the 4th quarter valued at $145,000. 10.62% of the stock is owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 3.1 %

Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded up $0.61 during mid-day trading on Friday, hitting $19.99. The company's stock had a trading volume of 673,106 shares, compared to its average volume of 992,721. The stock's fifty day moving average is $17.84 and its two-hundred day moving average is $16.47. 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 firm has a market capitalization of $13.66 billion, a PE ratio of 7.87 and a beta of 0.77. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $13.10 and a 1 year high of $20.62.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.43. 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 $981.20 million during the quarter, compared to analyst estimates of $6.89 billion. On average, analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st.

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.