Bridgefront Capital LLC Acquires New Position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Bridgefront Capital LLC bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 13,633 shares of the utilities provider’s stock, valued at approximately $195,000.

A number of other institutional investors and hedge funds have also modified their holdings of SBS. Capstone Investment Advisors LLC bought a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at approximately $228,000. Ameriprise Financial Inc. boosted its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 2.7% in the 4th quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider’s stock worth $422,000 after buying an additional 776 shares during the last quarter. Itau Unibanco Holding S.A. increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 33.5% during the fourth quarter. Itau Unibanco Holding S.A. now owns 356,765 shares of the utilities provider’s stock valued at $5,115,000 after acquiring an additional 89,458 shares during the last quarter. Jane Street Group LLC lifted its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 150.4% in the fourth quarter. Jane Street Group LLC now owns 33,876 shares of the utilities provider’s stock valued at $485,000 after acquiring an additional 20,349 shares during the period. Finally, Northern Trust Corp boosted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 135.5% in the fourth quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider’s stock worth $19,734,000 after purchasing an additional 792,330 shares during the last quarter. Institutional investors own 10.62% of the company’s stock.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 2.2 %

Shares of SBS opened at $20.57 on Friday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.10 and a 1 year high of $20.85. The company has a 50 day simple moving average of $18.21 and a two-hundred day simple moving average of $16.61. 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 cap of $14.06 billion, a P/E ratio of 8.10 and a beta of 0.81.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.43. The company had revenue of $981.20 million during 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%. On average, equities analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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 report on Tuesday, April 1st.

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.