Federated Hermes Inc. Grows Stock Holdings in Sendas Distribuidora S.A. (NYSE:ASAI)

Federated Hermes Inc. boosted its holdings in Sendas Distribuidora S.A. (NYSE:ASAI) by 63.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 67,990 shares of the company’s stock after purchasing an additional 26,290 shares during the quarter. Federated Hermes Inc.’s holdings in Sendas Distribuidora were worth $940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ANTIPODES PARTNERS Ltd raised its holdings in Sendas Distribuidora by 22.1% during the fourth quarter. ANTIPODES PARTNERS Ltd now owns 1,189,841 shares of the company’s stock worth $16,443,000 after purchasing an additional 215,324 shares in the last quarter. Citigroup Inc. grew its position in shares of Sendas Distribuidora by 42.1% in 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. HBK Sorce Advisory LLC raised its stake in Sendas Distribuidora by 16.1% during the 4th quarter. HBK Sorce Advisory LLC now owns 12,741 shares of the company’s stock worth $176,000 after acquiring an additional 1,769 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Sendas Distribuidora by 36.4% in the third quarter. PNC Financial Services Group Inc. now owns 5,766 shares of the company’s stock valued at $70,000 after acquiring an additional 1,539 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in Sendas Distribuidora in the third quarter valued at $138,000. 8.76% of the stock is currently owned by institutional investors and hedge funds.

Sendas Distribuidora Trading Up 0.9 %

ASAI opened at $12.85 on Thursday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 24.25, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. Sendas Distribuidora S.A. has a 52 week low of $10.44 and a 52 week high of $15.25. The business’s 50 day moving average is $14.07 and its two-hundred day moving average is $13.48. The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 4.10.

Sendas Distribuidora (NYSE:ASAI) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.98 billion. Sendas Distribuidora had a net margin of 1.07% and a return on equity of 16.48%. On average, research analysts predict that Sendas Distribuidora S.A. will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

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

Sendas Distribuidora Company 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.