Sendas Distribuidora S.A. (NYSE:ASAI) Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lessened its position in Sendas Distribuidora S.A. (NYSE:ASAI) by 18.9% in the 1st quarter, Holdings Channel reports. The fund owned 10,337 shares of the company’s stock after selling 2,404 shares during the period. HBK Sorce Advisory LLC’s holdings in Sendas Distribuidora were worth $153,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ASAI. Breakout Capital Partners LP acquired a new stake in shares of Sendas Distribuidora in the 4th quarter worth $13,347,000. Royal London Asset Management Ltd. increased its holdings in shares of Sendas Distribuidora by 888.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 307,970 shares of the company’s stock valued at $4,256,000 after purchasing an additional 276,826 shares in the last quarter. ANTIPODES PARTNERS Ltd increased its holdings in shares of Sendas Distribuidora by 22.1% in the 4th quarter. ANTIPODES PARTNERS Ltd now owns 1,189,841 shares of the company’s stock valued at $16,443,000 after purchasing an additional 215,324 shares in the last quarter. Brandes Investment Partners LP increased its holdings in shares of Sendas Distribuidora by 146.1% in the 4th quarter. Brandes Investment Partners LP now owns 176,981 shares of the company’s stock valued at $2,446,000 after purchasing an additional 105,073 shares in the last quarter. Finally, Barings LLC increased its holdings in shares of Sendas Distribuidora by 28.9% in the 1st quarter. Barings LLC now owns 403,015 shares of the company’s stock valued at $5,957,000 after purchasing an additional 90,256 shares in the last quarter. Institutional investors and hedge funds own 8.76% of the company’s stock.

Sendas Distribuidora Price Performance

Shares of ASAI traded up $0.23 during trading hours on Friday, reaching $9.51. The company had a trading volume of 604,877 shares, compared to its average volume of 291,057. The firm has a 50 day simple moving average of $11.05 and a 200-day simple moving average of $12.92. The company has a current ratio of 0.77, a quick ratio of 0.39 and a debt-to-equity ratio of 4.10. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 0.40 and a beta of 1.05. Sendas Distribuidora S.A. has a 12-month low of $8.63 and a 12-month high of $15.25.

Sendas Distribuidora (NYSE:ASAI) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. Sendas Distribuidora had a net margin of 1.02% and a return on equity of 15.74%. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.36 billion. Research analysts expect that Sendas Distribuidora S.A. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upgraded shares of Sendas Distribuidora from a “neutral” rating to an “overweight” rating and increased their price target for the company from $15.00 to $17.00 in a report on Tuesday, April 23rd.

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.