Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. cut its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 28.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,325 shares of the utilities provider's stock after selling 27,124 shares during the quarter. Graham Capital Management L.P.'s holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $965,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a report on Friday, May 9th.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 0.5%

Shares of SBS stock traded up $0.10 on Monday, hitting $20.62. The stock had a trading volume of 189,396 shares, compared to its average volume of 1,097,020. The company's 50 day moving average price is $18.69 and its 200-day moving average price is $16.80. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $13.10 and a 1 year high of $20.92. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market capitalization of $14.09 billion, a P/E ratio of 8.12 and a beta of 0.81.

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 (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $1.04 billion for 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 anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

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.