Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Shares Acquired by CoreCommodity Management LLC

CoreCommodity Management LLC raised its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) by 82.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,451 shares of the utilities provider’s stock after acquiring an additional 69,942 shares during the period. CoreCommodity Management LLC’s holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP were worth $2,213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBS. Alliancebernstein L.P. grew its holdings in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 3,464.7% during the 4th quarter. Alliancebernstein L.P. now owns 887,266 shares of the utilities provider’s stock worth $12,715,000 after purchasing an additional 862,376 shares during the period. Northern Trust Corp increased its position in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 135.5% in the fourth quarter. Northern Trust Corp now owns 1,377,086 shares of the utilities provider’s stock worth $19,734,000 after acquiring an additional 792,330 shares in the last quarter. Verde Servicos Internacionais S.A. raised its stake in shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 603.1% in the 4th quarter. Verde Servicos Internacionais S.A. now owns 667,196 shares of the utilities provider’s stock valued at $9,561,000 after acquiring an additional 572,308 shares during the period. Amundi boosted its position in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 6.7% during the 4th quarter. Amundi now owns 6,752,801 shares of the utilities provider’s stock worth $96,732,000 after purchasing an additional 426,669 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in Companhia de Saneamento Básico do Estado de São Paulo – SABESP by 41.3% in the 4th quarter. Pictet Asset Management Holding SA now owns 693,992 shares of the utilities provider’s stock valued at $9,945,000 after purchasing an additional 202,967 shares in the last quarter. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 note on Tuesday, April 1st.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Up 1.2 %

Shares of NYSE:SBS opened at $20.06 on Wednesday. The company has a market capitalization of $13.71 billion, a price-to-earnings ratio of 7.90 and a beta of 0.81. The company has a 50 day moving average of $18.04 and a two-hundred day moving average of $16.55. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52-week low of $13.10 and a 52-week high of $20.62. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last released its quarterly earnings results on Monday, March 24th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.43. The firm had revenue of $981.20 million for the quarter, compared to the consensus estimate of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 25.62% and a return on equity of 27.73%. As a group, analysts forecast that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 2.17 earnings per share for the current fiscal year.

Companhia de Saneamento Básico do Estado de São 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.