Integrated Quantitative Investments LLC Invests $731,000 in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS)

Integrated Quantitative Investments LLC purchased a new stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 51,000 shares of the utilities provider’s stock, valued at approximately $731,000.

Several other hedge funds have also bought and sold shares of SBS. Amundi lifted its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.7% in the fourth quarter. Amundi now owns 6,752,801 shares of the utilities provider’s stock worth $96,732,000 after buying an additional 426,669 shares in the last quarter. Duff & Phelps Investment Management Co. increased its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 7.7% in the third quarter. Duff & Phelps Investment Management Co. now owns 1,578,147 shares of the utilities provider’s stock worth $26,103,000 after purchasing an additional 113,147 shares during the last quarter. Quilter Plc raised its stake in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.3% during the fourth quarter. Quilter Plc now owns 1,044,718 shares of the utilities provider’s stock valued at $14,971,000 after purchasing an additional 43,436 shares in the last quarter. Alliancebernstein L.P. lifted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3,464.7% during the fourth quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider’s stock valued at $12,715,000 after purchasing an additional 862,376 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 4.2% in the 4th quarter. Assetmark Inc. now owns 718,159 shares of the utilities provider’s stock worth $10,291,000 after buying an additional 28,728 shares in the last quarter. Hedge funds and other institutional investors own 10.62% of the company’s stock.

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $17.68 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $13.10 and a 12-month high of $18.95. The firm has a market capitalization of $12.08 billion, a PE ratio of 6.96 and a beta of 1.15. The firm has a 50-day moving average price of $17.04 and a 200-day moving average price of $16.17.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last posted its quarterly earnings data 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. 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%. The company had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $6.89 billion. As a group, equities research analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “hold” rating to a “buy” rating in a research report on Tuesday.

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.