Hsbc Holdings PLC Boosts Stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Hsbc Holdings PLC boosted its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 85.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 311,570 shares of the utilities provider's stock after purchasing an additional 144,004 shares during the period. Hsbc Holdings PLC's holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP were worth $4,469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 30.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 289,282 shares of the utilities provider's stock valued at $4,149,000 after buying an additional 68,174 shares in the last quarter. First Trust Advisors LP grew its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 1.9% in the fourth quarter. First Trust Advisors LP now owns 1,401,173 shares of the utilities provider's stock valued at $20,079,000 after purchasing an additional 26,125 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 6.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 359,581 shares of the utilities provider's stock valued at $5,142,000 after buying an additional 22,589 shares in the last quarter. Guggenheim Capital LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 4th quarter worth $153,000. Finally, Renaissance Technologies LLC boosted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 2.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,730,495 shares of the utilities provider's stock worth $24,798,000 after buying an additional 33,200 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised 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 Trading Up 0.1 %

Shares of SBS stock traded up $0.01 during trading hours on Monday, hitting $19.93. 255,194 shares of the company were exchanged, compared to its average volume of 997,117. The firm has a fifty day moving average of $17.90 and a 200 day moving average of $16.50. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. 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. The firm has a market cap of $13.62 billion, a PE ratio of 7.84 and a beta of 0.77.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 EPS 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 return on equity of 27.73% and a net margin of 25.62%. The company had revenue of $981.20 million during the quarter, compared to analyst estimates of $6.89 billion. Analysts expect 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.