Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. reduced its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 28.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 quarter.

Other institutional investors also recently bought and sold shares of the company. Quilter Plc grew its holdings in 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 period. SBI Securities Co. Ltd. acquired a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter valued at approximately $26,000. Perpetual Ltd boosted its stake 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 worth $10,088,000 after acquiring an additional 54,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 worth $333,000 after acquiring an additional 2,164 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake 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 worth $559,000 after acquiring an additional 17,662 shares during the last quarter. 10.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Friday, May 9th.

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

Shares of NYSE:SBS opened at $20.32 on Wednesday. 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 business’s 50 day moving average price is $18.46 and its 200-day moving average price is $16.70. The firm has a market capitalization of $13.89 billion, a PE ratio of 8.00 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 $20.92.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates 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%. As a group, 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 fiscal year.

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.