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

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

Several other institutional investors also recently made changes to their positions in ASAI. PNC Financial Services Group Inc. raised its holdings in shares of Sendas Distribuidora by 29.7% in 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 during the period. Privium Fund Management B.V. grew its stake in Sendas Distribuidora by 26.3% in the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after purchasing an additional 2,900 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of Sendas Distribuidora in the 1st quarter valued at approximately $69,000. Thornburg Investment Management Inc. increased its stake in Sendas Distribuidora by 10.8% during the first quarter. Thornburg Investment Management Inc. now owns 71,720 shares of the company’s stock valued at $1,033,000 after purchasing an additional 7,001 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in shares of Sendas Distribuidora during the 1st quarter valued at about $160,000. 8.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Sendas Distribuidora Price Performance

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

Sendas Distribuidora (NYSE:ASAI) last issued its quarterly earnings results 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 business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.60 billion. Sendas Distribuidora had a return on equity of 14.49% and a net margin of 0.95%. On average, analysts predict that Sendas Distribuidora S.A. will post 0.43 EPS 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.