GAMMA Investing LLC Purchases 22,497 Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)

GAMMA Investing LLC grew its stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 3,664.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,111 shares of the utilities provider’s stock after purchasing an additional 22,497 shares during the quarter. GAMMA Investing LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $413,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of Companhia de saneamento Basico Do Estado De Sao 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 purchasing an additional 20,349 shares during the period. Cetera Investment Advisers bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at about $218,000. Two Sigma Investments LP bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at about $1,024,000. SBI Securities Co. Ltd. bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter valued at about $26,000. Finally, Amundi increased its holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 6.7% in the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider’s stock valued at $96,732,000 after buying an additional 426,669 shares during the period. 10.62% of the stock is owned by institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.1%

NYSE:SBS opened at $21.10 on Friday. The firm’s 50 day simple moving average is $20.20 and its 200 day simple moving average is $17.53. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.89 and a quick ratio of 0.89. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $13.10 and a one year high of $21.39. The company has a market cap of $14.42 billion, a PE ratio of 7.87 and a beta of 0.72.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last posted its quarterly earnings data on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 28.70% and a return on equity of 29.18%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $7.67 billion. On average, research analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company 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.