Sendas Distribuidora S.A. (NYSE:ASAI) Position Lessened by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Sendas Distribuidora S.A. (NYSE:ASAI) by 8.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,950 shares of the company’s stock after selling 1,664 shares during the period. Rhumbline Advisers’ holdings in Sendas Distribuidora were worth $158,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. SageView Advisory Group LLC acquired a new stake in shares of Sendas Distribuidora during the 1st quarter worth approximately $69,000. PNC Financial Services Group Inc. boosted its stake in 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 acquiring an additional 1,713 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in Sendas Distribuidora during the 1st quarter worth $160,000. Privium Fund Management B.V. bought a new stake in shares of Sendas Distribuidora during the 1st quarter valued at $163,000. Finally, Confluence Investment Management LLC acquired a new position in shares of Sendas Distribuidora in the 1st quarter valued at $171,000. Institutional investors own 8.76% of the company’s stock.

Sendas Distribuidora Price Performance

ASAI opened at $7.52 on Monday. The stock has a market cap of $2.03 billion, a P/E ratio of 14.19, a P/E/G ratio of 0.61 and a beta of 1.04. Sendas Distribuidora S.A. has a 12 month low of $6.94 and a 12 month high of $15.25. The company has a quick ratio of 0.45, a current ratio of 0.84 and a debt-to-equity ratio of 4.18. The company has a fifty day simple moving average of $8.58 and a 200 day simple moving average of $10.97.

Sendas Distribuidora (NYSE:ASAI) last announced its earnings results on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. Sendas Distribuidora had a net margin of 0.95% and a return on equity of 14.49%. The firm 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.

Analyst Upgrades and Downgrades

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

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.