Mirae Asset Global Investments Co. Ltd. Cuts Holdings in Sendas Distribuidora S.A. (NYSE:ASAI)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Sendas Distribuidora S.A. (NYSE:ASAI) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,593 shares of the company’s stock after selling 1,015 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Sendas Distribuidora were worth $326,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in Sendas Distribuidora by 36.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,766 shares of the company’s stock valued at $70,000 after purchasing an additional 1,539 shares in the last quarter. Signaturefd LLC increased its stake in Sendas Distribuidora by 45.4% in the 3rd quarter. Signaturefd LLC now owns 5,329 shares of the company’s stock valued at $65,000 after purchasing an additional 1,665 shares in the last quarter. Quantbot Technologies LP purchased a new position in Sendas Distribuidora in the 3rd quarter valued at approximately $52,000. Ruane Cunniff & Goldfarb L.P. grew its holdings in Sendas Distribuidora by 4.6% during the 3rd quarter. Ruane Cunniff & Goldfarb L.P. now owns 145,705 shares of the company’s stock valued at $1,775,000 after buying an additional 6,378 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Sendas Distribuidora by 42.1% during the 3rd quarter. Citigroup Inc. now owns 24,219 shares of the company’s stock valued at $295,000 after buying an additional 7,172 shares during the last quarter. 8.76% of the stock is owned by hedge funds and other institutional investors.

Sendas Distribuidora Price Performance

Shares of NYSE:ASAI opened at $13.02 on Friday. The business’s fifty day moving average price is $14.10 and its two-hundred day moving average price is $13.45. The stock has a market cap of $3.52 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The company has a debt-to-equity ratio of 4.10, a quick ratio of 0.48 and a current ratio of 0.77. Sendas Distribuidora S.A. has a one year low of $10.44 and a one year high of $15.25.

Sendas Distribuidora (NYSE:ASAI) last announced its earnings results on Wednesday, February 21st. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.98 billion. Sendas Distribuidora had a return on equity of 16.48% and a net margin of 1.07%. On average, analysts forecast that Sendas Distribuidora S.A. will post 0.61 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded Sendas Distribuidora from a “neutral” rating to an “overweight” rating and increased their target price 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.