Marshall Wace LLP Invests $212,000 in Sendas Distribuidora S.A. (NYSE:ASAI)

Marshall Wace LLP acquired a new stake in shares of Sendas Distribuidora S.A. (NYSE:ASAI) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 22,767 shares of the company’s stock, valued at approximately $212,000.

Other large investors have also bought and sold shares of the company. SageView Advisory Group LLC purchased a new stake in shares of Sendas Distribuidora during the first quarter valued at $69,000. PNC Financial Services Group Inc. boosted 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 valued at $103,000 after acquiring an additional 1,713 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Sendas Distribuidora in the first quarter worth approximately $160,000. Privium Fund Management B.V. purchased a new position in shares of Sendas Distribuidora during the first quarter valued at approximately $163,000. Finally, Confluence Investment Management LLC bought a new position in Sendas Distribuidora during the first quarter valued at approximately $171,000. 8.76% of the stock is owned by hedge funds and other institutional investors.

Sendas Distribuidora Price Performance

NYSE ASAI opened at $6.03 on Friday. The business’s fifty day moving average is $8.05 and its 200 day moving average is $10.41. Sendas Distribuidora S.A. has a fifty-two week low of $5.73 and a fifty-two week high of $15.25. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.45 and a current ratio of 0.84. The company has a market capitalization of $1.63 billion, a PE ratio of 12.06, a price-to-earnings-growth ratio of 0.50 and a beta of 1.02.

Sendas Distribuidora (NYSE:ASAI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $3.60 billion. Sendas Distribuidora had a return on equity of 14.49% and a net margin of 0.95%. Sell-side analysts predict that Sendas Distribuidora S.A. will post 0.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented 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 for the company. in a research note on Friday, September 13th. JPMorgan Chase & Co. cut Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 price objective for the company. in a research report on Monday, September 9th. Finally, Hsbc Global Res upgraded Sendas Distribuidora to a “strong-buy” rating in a research note on Tuesday, September 24th.

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.