Rhumbline Advisers Lowers Holdings in Sendas Distribuidora S.A. (NYSE:ASAI)

Rhumbline Advisers trimmed its position in Sendas Distribuidora S.A. (NYSE:ASAI – Free Report) by 8.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,950 shares of the company’s stock after selling 1,664 shares during the quarter. Rhumbline Advisers’ holdings in Sendas Distribuidora were worth [...]

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Rhumbline Advisers trimmed its position in Sendas Distribuidora S.A. ( NYSE:ASAI – Free Report ) by 8.

9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,950 shares of the company’s stock after selling 1,664 shares during the quarter. Rhumbline Advisers’ holdings in Sendas Distribuidora were worth $158,000 at the end of the most recent reporting period.



A number of other institutional investors and hedge funds have also recently modified their holdings of ASAI. Royal London Asset Management Ltd. boosted its holdings in Sendas Distribuidora by 888.

9% during the 4th 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 acquired a new stake in shares of Sendas Distribuidora during the fourth quarter worth $13,347,000. PNC Financial Services Group Inc. increased its holdings in shares of Sendas Distribuidora by 29.

7% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,479 shares of the company’s stock valued at $103,000 after purchasing an additional 1,713 shares during the period.

Confluence Investment Management LLC purchased a new position in Sendas Distribuidora during the 1st quarter worth approximately $171,000. Finally, Renaissance Group LLC boosted its holdings in Sendas Distribuidora by 6.8% in the first quarter.

Renaissance Group LLC now owns 531,101 shares of the company’s stock valued at $7,876,000 after purchasing an additional 33,937 shares during the last quarter. 8.76% of the stock is owned by hedge funds and other institutional investors.

Sendas Distribuidora Trading Up 1.9 % Shares of Sendas Distribuidora stock opened at $7.52 on Monday.

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.

The company’s fifty day moving average is $8.58 and its two-hundred day moving average is $10.97.

The company has a market capitalization of $2.03 billion, a P/E ratio of 14.19, a PEG ratio of 0.

61 and a beta of 1.04. Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on ASAI.

Bank of America lowered Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 target price on the stock. in a research report on Friday, September 13th.

Hsbc Global Res upgraded Sendas Distribuidora to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. downgraded shares of Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.

50 target price for the company. in a report on Monday, September 9th. Get Our Latest Research Report on Sendas Distribuidora Sendas Distribuidora Company Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding ASAI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sendas Distribuidora S.

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