Itau Unibanco Holding S.A. Purchases 89,458 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Itau Unibanco Holding S.A. raised its position in Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 33.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 356,765 shares of the utilities provider's stock after acquiring an additional 89,458 shares during the period. Itau Unibanco Holding S.A. owned about 0.05% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $5,115,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 4.7% in the 3rd quarter. Barclays PLC now owns 651,123 shares of the utilities provider's stock valued at $10,769,000 after buying an additional 29,228 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 36.7% in the 3rd quarter. Geode Capital Management LLC now owns 27,666 shares of the utilities provider's stock valued at $458,000 after purchasing an additional 7,421 shares during the period. World Investment Advisors LLC acquired a new position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the 3rd quarter worth approximately $1,502,000. Trium Capital LLP boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.3% in the fourth quarter. Trium Capital LLP now owns 55,608 shares of the utilities provider's stock valued at $797,000 after buying an additional 3,782 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth approximately $145,000. Institutional investors and hedge funds own 10.62% of the company's stock.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 1.2 %

NYSE SBS traded up $0.25 on Tuesday, hitting $20.07. The company's stock had a trading volume of 772,752 shares, compared to its average volume of 1,077,191. The company's 50-day moving average is $17.97 and its 200 day moving average is $16.53. The firm has a market cap of $13.71 billion, a PE ratio of 7.89 and a beta of 0.81. 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 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 (NYSE:SBS - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.43. The company had revenue of $981.20 million for the quarter, compared to the consensus estimate of $6.89 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%. As a group, analysts predict that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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 report 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.