Massachusetts Financial Services Co. MA Decreases Holdings in Sendas Distribuidora S.A. (NYSE:ASAI)

Massachusetts Financial Services Co. MA lowered its position in Sendas Distribuidora S.A. (NYSE:ASAI) by 17.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,510 shares of the company’s stock after selling 3,929 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Sendas Distribuidora were worth $172,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ASAI. Coronation Fund Managers Ltd. lifted its holdings in Sendas Distribuidora by 35.2% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 8,135,612 shares of the company’s stock worth $75,661,000 after buying an additional 2,116,441 shares in the last quarter. Breakout Capital Partners LP acquired a new position in Sendas Distribuidora in the 4th quarter worth $13,347,000. Royal London Asset Management Ltd. lifted its holdings in Sendas Distribuidora by 888.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 307,970 shares of the company’s stock worth $4,256,000 after buying an additional 276,826 shares in the last quarter. Barings LLC lifted its holdings in Sendas Distribuidora by 28.9% in the 1st quarter. Barings LLC now owns 403,015 shares of the company’s stock worth $5,957,000 after buying an additional 90,256 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Sendas Distribuidora by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock worth $16,626,000 after buying an additional 63,227 shares in the last quarter. Institutional investors and hedge funds own 8.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on ASAI shares. Bank of America lowered shares of Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 target price on the stock. in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered shares of Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 target price on the stock. in a research note on Monday, September 9th.

Sendas Distribuidora Stock Performance

Shares of Sendas Distribuidora stock opened at $7.17 on Tuesday. The firm has a market cap of $1.94 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 0.58 and a beta of 1.04. The firm’s 50-day simple moving average is $8.77 and its 200-day simple moving average is $11.17. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.45 and a current ratio of 0.84. Sendas Distribuidora S.A. has a 1 year low of $6.94 and a 1 year high of $15.25.

Sendas Distribuidora (NYSE:ASAI) last released its quarterly earnings data 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. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.60 billion. Sendas Distribuidora had a net margin of 0.95% and a return on equity of 14.49%. Equities analysts forecast that Sendas Distribuidora S.A. will post 0.44 earnings per share for the current fiscal year.

About Sendas Distribuidora

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.