Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Short Interest Down 36.1% in March

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 3,080,000 shares, a decrease of 36.1% from the March 15th total of 4,820,000 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 936,700 shares, the short-interest ratio is currently 3.3 days.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a report on Tuesday, April 1st.

Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP

A number of institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the fourth quarter worth $26,000. J.Safra Asset Management Corp bought a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP during the 4th quarter worth $54,000. R Squared Ltd acquired a new position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP in the 4th quarter worth about $66,000. Farther Finance Advisors LLC increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 1,451.6% in the 1st quarter. Farther Finance Advisors LLC now owns 3,817 shares of the utilities provider’s stock worth $69,000 after purchasing an additional 3,571 shares in the last quarter. Finally, Signaturefd LLC raised 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 valued at $133,000 after purchasing an additional 1,917 shares during the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 2.0 %

Shares of SBS opened at $18.71 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $13.10 and a 52-week high of $18.95. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 7.37 and a beta of 0.77. The business’s fifty day moving average is $17.33 and its 200-day moving average is $16.23.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last released its earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.43. The firm had revenue of $981.20 million for the quarter, compared to analysts’ expectations of $6.89 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%. Equities analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS for the current fiscal year.

Companhia de Saneamento Básico do Estado de São 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.