Graham Capital Management L.P. Sells 27,124 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Graham Capital Management L.P. lowered its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 28.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,325 shares of the utilities provider's stock after selling 27,124 shares during the period. 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 institutional investors and hedge funds also recently made changes to their positions in the company. Quilter Plc raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.3% in the fourth quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider's stock valued at $14,971,000 after purchasing an additional 43,436 shares during the last quarter. SBI Securities Co. Ltd. purchased 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. Perpetual Ltd raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 8.4% in the fourth quarter. Perpetual Ltd now owns 703,964 shares of the utilities provider's stock valued at $10,088,000 after purchasing an additional 54,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 10.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,137 shares of the utilities provider's stock valued at $333,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 82.7% in the fourth quarter. Blue Trust Inc. now owns 39,008 shares of the utilities provider's stock valued at $559,000 after purchasing an additional 17,662 shares during the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

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

NYSE SBS traded up $0.16 during trading hours on Friday, reaching $20.51. 752,460 shares of the company were exchanged, compared to its average volume of 1,098,467. 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 business's 50 day simple moving average is $18.69 and its 200-day simple moving average is $16.79. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $14.02 billion, a P/E ratio of 8.07 and a beta of 0.81.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last issued its 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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%. On average, equities research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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 Company 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.