2 weeks Ago By ABMN Staff
Hsbc Holdings PLC decreased its position in Sendas Distribuidora S.A. ( NYSE:ASAI – Free Report ) by 12.
6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 103,869 shares of the company’s stock after selling 14,921 shares during the period. Hsbc Holdings PLC’s holdings in Sendas Distribuidora were worth $965,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the company. Coronation Fund Managers Ltd. increased its stake in shares of Sendas Distribuidora by 35.
2% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 8,135,612 shares of the company’s stock valued at $75,661,000 after purchasing an additional 2,116,441 shares in the last quarter.
Breakout Capital Partners LP acquired a new stake in Sendas Distribuidora in the 4th quarter worth about $13,347,000. Royal London Asset Management Ltd. boosted 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 during the last quarter.
Barings LLC increased its stake in Sendas Distribuidora by 28.9% during 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, Renaissance Technologies LLC purchased a new position in shares of Sendas Distribuidora in the second quarter valued at approximately $810,000. Institutional investors and hedge funds own 8.76% of the company’s stock.
Analysts Set New Price Targets Several research analysts recently commented on ASAI shares. JPMorgan Chase & Co. downgraded Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.
50 price objective for the company. in a research note on Monday, September 9th. Bank of America cut 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 report on Friday, September 13th. Finally, Hsbc Global Res upgraded Sendas Distribuidora to a “strong-buy” rating in a research report on Tuesday, September 24th.
Sendas Distribuidora Price Performance Shares of ASAI stock opened at $7.52 on Friday. 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 company has a market capitalization of $2.03 billion, a PE ratio of 14.19, a price-to-earnings-growth ratio of 0.
61 and a beta of 1.04. The firm’s 50-day moving average is $8.
58 and its two-hundred day moving average is $10.99. Sendas Distribuidora S.
A. has a 12 month low of $6.94 and a 12 month high of $15.
25. Sendas Distribuidora ( NYSE:ASAI – Get Free Report ) last released 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.
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%.
Analysts predict that Sendas Distribuidora S.A. will post 0.
43 earnings per share for the current year. 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.
Further Reading 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.A.
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