Metis Global Partners LLC Raises Holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp $SBS

Metis Global Partners LLC increased its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) by 22.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,919 shares of the utilities provider’s stock after purchasing an additional 4,518 shares during the quarter. Metis Global Partners LLC’s holdings in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp were worth $547,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp increased its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.1% during the first quarter. Northern Trust Corp now owns 1,446,698 shares of the utilities provider’s stock worth $25,838,000 after purchasing an additional 69,612 shares in the last quarter. Compound Planning Inc. acquired a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 1st quarter worth $222,000. HighTower Advisors LLC purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 1st quarter worth $3,536,000. Atria Investments Inc acquired a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter valued at about $747,000. Finally, American Century Companies Inc. increased its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 159.8% during the 1st quarter. American Century Companies Inc. now owns 1,280,088 shares of the utilities provider’s stock valued at $22,862,000 after buying an additional 787,399 shares in the last quarter. 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 Performance

NYSE SBS opened at $26.68 on Thursday. The stock’s fifty day moving average is $24.15 and its two-hundred day moving average is $21.91. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $18.24 billion, a P/E ratio of 9.23 and a beta of 0.82. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a fifty-two week low of $13.87 and a fifty-two week high of $26.74.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last released its quarterly earnings data on Monday, November 10th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.27. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 29.64% and a return on equity of 29.34%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 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 Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus rating of “Strong Buy”.

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.