Tower Research Capital LLC TRC Purchases 2,846 Shares of Sendas Distribuidora S.A. (NYSE:ASAI)

Tower Research Capital LLC TRC raised its position in shares of Sendas Distribuidora S.A. (NYSE:ASAI) by 535.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,378 shares of the company’s stock after acquiring an additional 2,846 shares during the period. Tower Research Capital LLC TRC’s holdings in Sendas Distribuidora were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of ASAI. Mirae Asset Global Investments Co. Ltd. increased its position in Sendas Distribuidora by 8.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,608 shares of the company’s stock valued at $300,000 after acquiring an additional 1,865 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Sendas Distribuidora in the third quarter worth about $172,000. Signaturefd LLC grew its holdings in shares of Sendas Distribuidora by 45.4% in the third quarter. Signaturefd LLC now owns 5,329 shares of the company’s stock worth $65,000 after purchasing an additional 1,665 shares during the last quarter. HBK Sorce Advisory LLC bought a new position in shares of Sendas Distribuidora in the third quarter worth about $134,000. Finally, Quantbot Technologies LP bought a new position in shares of Sendas Distribuidora in the third quarter worth about $52,000. Institutional investors own 8.76% of the company’s stock.

Wall Street Analyst Weigh In

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

Sendas Distribuidora Stock Down 4.3 %

NYSE:ASAI traded down $0.57 during mid-day trading on Tuesday, reaching $12.73. The company’s stock had a trading volume of 482,298 shares, compared to its average volume of 322,987. Sendas Distribuidora S.A. has a 1 year low of $10.44 and a 1 year high of $15.25. The stock has a fifty day moving average of $14.10 and a 200-day moving average of $13.47. The firm has a market capitalization of $3.44 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 0.63 and a beta of 1.12. 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 data on Wednesday, February 21st. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. Sendas Distribuidora had a net margin of 1.07% and a return on equity of 16.48%. The company had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.98 billion. Equities research analysts forecast that Sendas Distribuidora S.A. will post 0.63 earnings per share for the current year.

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.