Letko Brosseau & Associates Inc. Sells 50,800 Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS)

Letko Brosseau & Associates Inc. cut its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,784,865 shares of the utilities provider's stock after selling 50,800 shares during the quarter. Letko Brosseau & Associates Inc. owned about 0.41% of Companhia de Saneamento Básico do Estado de São Paulo - SABESP worth $39,907,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Laird Norton Wetherby Wealth Management LLC raised its stake in Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 7.1% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,429 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 1,289 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 55.1% during the 4th quarter. Deutsche Bank AG now owns 6,234,236 shares of the utilities provider's stock worth $89,337,000 after purchasing an additional 2,213,846 shares during the period. CoreCommodity Management LLC raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP by 82.8% during the fourth quarter. CoreCommodity Management LLC now owns 154,451 shares of the utilities provider's stock valued at $2,213,000 after buying an additional 69,942 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at about $218,000. Finally, Bridgefront Capital LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP in the fourth quarter valued at about $195,000. 10.62% of the stock is owned by institutional investors.

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

NYSE SBS traded up $0.05 during trading on Thursday, reaching $20.35. 1,115,132 shares of the company traded hands, compared to its average volume of 1,098,134. 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 market cap of $13.91 billion, a price-to-earnings ratio of 8.01 and a beta of 0.81. The stock's 50 day moving average price is $18.53 and its two-hundred day moving average price is $16.73. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). 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 $1.04 billion during the quarter, compared to analyst estimates of $7.67 billion. As a group, analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.

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.