AQR Capital Management LLC Boosts Stock Holdings in Sendas Distribuidora S.A. (NYSE:ASAI)

AQR Capital Management LLC boosted its stake in shares of Sendas Distribuidora S.A. (NYSE:ASAI) by 44.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,738 shares of the company’s stock after acquiring an additional 6,068 shares during the period. AQR Capital Management LLC’s holdings in Sendas Distribuidora were worth $184,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ASAI. SageView Advisory Group LLC purchased a new position in Sendas Distribuidora during the first quarter valued at $69,000. PNC Financial Services Group Inc. grew its stake 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 buying an additional 1,713 shares in the last quarter. Privium Fund Management B.V. grew its stake in shares of Sendas Distribuidora by 26.3% in the 2nd quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after buying an additional 2,900 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Sendas Distribuidora in the 1st quarter worth $160,000. Finally, Marshall Wace LLP purchased a new position in shares of Sendas Distribuidora in the 2nd quarter worth $212,000. 8.76% of the stock is owned by hedge funds and other institutional investors.

Sendas Distribuidora Trading Down 1.0 %

Shares of ASAI opened at $6.25 on Friday. Sendas Distribuidora S.A. has a 1-year low of $5.73 and a 1-year high of $15.25. The company has a debt-to-equity ratio of 4.18, a current ratio of 0.84 and a quick ratio of 0.45. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.50 and a beta of 1.02. The company has a 50-day moving average of $7.77 and a 200 day moving average of $10.15.

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

Wall Street Analyst Weigh In

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

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.