Renaissance Technologies LLC Acquires New Shares in Sendas Distribuidora S.A. (NYSE:ASAI)

Renaissance Technologies LLC bought a new position in Sendas Distribuidora S.A. (NYSE:ASAI) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 87,100 shares of the company’s stock, valued at approximately $810,000.

Several other large investors have also modified their holdings of the company. Royal London Asset Management Ltd. boosted its holdings in Sendas Distribuidora by 888.9% during the fourth quarter. Royal London Asset Management Ltd. now owns 307,970 shares of the company’s stock valued at $4,256,000 after acquiring an additional 276,826 shares during the period. Breakout Capital Partners LP bought a new stake in shares of Sendas Distribuidora in the fourth quarter valued at about $13,347,000. PNC Financial Services Group Inc. grew its holdings in shares of Sendas Distribuidora by 29.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,479 shares of the company’s stock worth $103,000 after purchasing an additional 1,713 shares in the last quarter. Confluence Investment Management LLC bought a new stake in Sendas Distribuidora in the 1st quarter valued at $171,000. Finally, Privium Fund Management B.V. acquired a new stake in shares of Sendas Distribuidora during the 1st quarter valued at about $163,000. 8.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on ASAI. Hsbc Global Res raised Sendas Distribuidora to a “strong-buy” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. cut shares of Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 price target on the stock. in a research note on Monday, September 9th. Finally, Bank of America lowered Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price objective for the company. in a research report on Friday, September 13th.

Sendas Distribuidora Trading Down 3.2 %

NYSE:ASAI opened at $6.18 on Tuesday. The business’s 50-day moving average price is $8.31 and its two-hundred day moving average price is $10.68. Sendas Distribuidora S.A. has a 1-year low of $6.07 and a 1-year high of $15.25. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 0.61 and a beta of 1.02. The company has a current ratio of 0.84, a quick ratio of 0.45 and a debt-to-equity ratio of 4.18.

Sendas Distribuidora (NYSE:ASAI) last posted its earnings results on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Sendas Distribuidora had a return on equity of 14.49% and a net margin of 0.95%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.60 billion. On average, equities analysts expect that Sendas Distribuidora S.A. will post 0.43 earnings per share for the current year.

Sendas Distribuidora Company Profile

Sendas Distribuidora SA engages in the retail and wholesale sale of food products, bazaar items, and other products in Brazil. The company serves restaurants, pizzerias, snack bars, schools, small businesses, religious institutions, hospitals, hotels, grocery stores, neighborhood supermarkets, and individuals.