Bank of America Corp DE Lowers Stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Bank of America Corp DE decreased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 494,033 shares of the utilities provider’s stock after selling 72,482 shares during the quarter. Bank of America Corp DE owned approximately 0.07% of Companhia de Saneamento Básico do Estado de São Paulo – SABESP worth $7,079,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. SBI Securities Co. Ltd. acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth approximately $26,000. J.Safra Asset Management Corp acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter valued at about $54,000. R Squared Ltd acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth $66,000. Signaturefd LLC increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% in the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock worth $133,000 after purchasing an additional 1,917 shares during the last quarter. Finally, Ballentine Partners LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter valued at about $145,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th.

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

Shares of SBS stock opened at $20.66 on Monday. The firm has a market capitalization of $14.12 billion, a price-to-earnings ratio of 8.13 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $13.10 and a 12-month high of $21.10. The business has a 50 day simple moving average of $19.05 and a 200 day simple moving average of $16.98.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last released its 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). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. 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%. On average, equities research analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS 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.