Ruane Cunniff & Goldfarb L.P. Buys 12,988 Shares of Sendas Distribuidora S.A. (NYSE:ASAI)

Ruane Cunniff & Goldfarb L.P. boosted its holdings in shares of Sendas Distribuidora S.A. (NYSE:ASAI) by 9.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,270 shares of the company’s stock after purchasing an additional 12,988 shares during the period. Sendas Distribuidora comprises 0.0% of Ruane Cunniff & Goldfarb L.P.’s portfolio, making the stock its 23rd biggest holding. Ruane Cunniff & Goldfarb L.P.’s holdings in Sendas Distribuidora were worth $1,041,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ASAI. Blue Trust Inc. lifted its stake in Sendas Distribuidora by 145.6% during the third quarter. Blue Trust Inc. now owns 3,716 shares of the company’s stock worth $26,000 after purchasing an additional 2,203 shares during the period. Signaturefd LLC lifted its stake in Sendas Distribuidora by 186.4% during the third quarter. Signaturefd LLC now owns 10,091 shares of the company’s stock worth $69,000 after purchasing an additional 6,567 shares during the period. Sequoia Financial Advisors LLC bought a new position in Sendas Distribuidora during the third quarter worth about $77,000. Privium Fund Management B.V. lifted its stake in Sendas Distribuidora by 26.3% during the second quarter. Privium Fund Management B.V. now owns 13,928 shares of the company’s stock worth $122,000 after purchasing an additional 2,900 shares during the period. Finally, Bayesian Capital Management LP bought a new position in Sendas Distribuidora during the first quarter worth about $160,000. Institutional investors own 8.76% of the company’s stock.

Analysts Set New Price Targets

ASAI has been the subject of a number of analyst reports. Hsbc Global Res upgraded shares of Sendas Distribuidora to a “strong-buy” rating in a research note on Tuesday, September 24th. Bank of America lowered shares of Sendas Distribuidora from a “buy” rating to a “neutral” rating and set a $9.10 price objective for the company. in a report 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 for the company. in a report on Monday, September 9th.

Sendas Distribuidora Stock Performance

NYSE ASAI opened at $6.28 on Thursday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 13.64, a PEG ratio of 0.52 and a beta of 1.03. The company has a 50 day moving average of $6.52 and a 200-day moving average of $8.79. The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 4.15. Sendas Distribuidora S.A. has a 1-year low of $5.73 and a 1-year high of $15.25.

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.