Farther Finance Advisors LLC Grows Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)

Farther Finance Advisors LLC grew its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 1,451.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,817 shares of the utilities provider’s stock after buying an additional 3,571 shares during the quarter. Farther Finance Advisors LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $69,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth $26,000. J.Safra Asset Management Corp purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth $54,000. Signaturefd LLC raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 25.9% during the 4th quarter. Signaturefd LLC now owns 9,305 shares of the utilities provider’s stock worth $133,000 after buying an additional 1,917 shares during the last quarter. Anchor Pointe Wealth Management LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth $144,000. Finally, Guggenheim Capital LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth $153,000. Hedge funds and other institutional investors own 10.62% of the company’s stock.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 1.5%

Shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp stock opened at $20.79 on Monday. The company has a market cap of $14.21 billion, a P/E ratio of 7.76 and a beta of 0.73. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 0.89. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $13.11 and a one year high of $21.39. The firm has a fifty day moving average of $20.25 and a two-hundred day moving average of $17.59.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced 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 company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $7.67 billion. 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%. On average, analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

Analyst Ratings Changes

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 report on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao 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.