Centiva Capital LP Grows Stake in Sendas Distribuidora S.A. (NYSE:ASAI)

Centiva Capital LP raised its stake in Sendas Distribuidora S.A. (NYSE:ASAI) by 208.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,857 shares of the company’s stock after acquiring an additional 32,326 shares during the period. Centiva Capital LP’s holdings in Sendas Distribuidora were worth $329,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ASAI. Vanguard Group Inc. grew its stake in shares of Sendas Distribuidora by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock worth $16,626,000 after acquiring an additional 63,227 shares during the last quarter. Coronation Fund Managers Ltd. grew its stake in shares of Sendas Distribuidora by 35.2% in the second quarter. Coronation Fund Managers Ltd. now owns 8,135,612 shares of the company’s stock worth $75,661,000 after acquiring an additional 2,116,441 shares during the last quarter. Privium Fund Management B.V. grew its stake in shares of Sendas Distribuidora by 26.3% in the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after acquiring an additional 2,900 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Sendas Distribuidora by 66.7% in the second quarter. Daiwa Securities Group Inc. now owns 35,000 shares of the company’s stock worth $326,000 after acquiring an additional 14,000 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Sendas Distribuidora during the second quarter valued at $810,000. 8.76% of the stock is owned by hedge funds and other institutional investors.

Sendas Distribuidora Stock Up 4.6 %

ASAI stock opened at $5.28 on Wednesday. Sendas Distribuidora S.A. has a fifty-two week low of $4.95 and a fifty-two week high of $15.25. The business’s 50-day moving average is $6.16 and its two-hundred day moving average is $8.26. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.43 and a current ratio of 0.86. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 11.48, a P/E/G ratio of 0.41 and a beta of 0.92.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. downgraded Sendas Distribuidora from an “overweight” rating to a “neutral” rating and set a $10.50 price target on the stock. in a report on Monday, September 9th. Bank of America downgraded Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price target on the stock. in a report on Friday, September 13th. Finally, Hsbc Global Res raised Sendas Distribuidora to a “strong-buy” rating in a report on Tuesday, September 24th.

Sendas Distribuidora Profile

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.