Rhumbline Advisers Trims Stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Rhumbline Advisers reduced its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 7.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,653 shares of the utilities provider’s stock after selling 8,750 shares during the period. Rhumbline Advisers’ holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $2,083,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SBS. SBI Securities Co. Ltd. purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $26,000. J.Safra Asset Management Corp purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $54,000. Signaturefd LLC grew its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 25.9% in the fourth quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock worth $133,000 after acquiring an additional 1,917 shares in the last quarter. Anchor Pointe Wealth Management LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $144,000. Finally, Guggenheim Capital LLC purchased a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the fourth quarter worth $153,000. 10.62% of the stock is currently owned by hedge funds and other institutional investors.

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $21.02 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $14.36 billion, a PE ratio of 8.27 and a beta of 0.72. The firm has a fifty day simple moving average of $19.98 and a two-hundred day simple moving average of $17.43. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a twelve month low of $13.10 and a twelve month high of $21.14.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last posted its quarterly earnings results on Monday, May 12th. The utilities provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate 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%. Research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered 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.

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.