B. Metzler seel. Sohn & Co. Holding AG Purchases New Position in Sendas Distribuidora S.A. (NYSE:ASAI)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Sendas Distribuidora S.A. (NYSE:ASAI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 37,465 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ASAI. Blue Trust Inc. raised its holdings in shares of Sendas Distribuidora by 145.6% in the third quarter. Blue Trust Inc. now owns 3,716 shares of the company’s stock valued at $26,000 after buying an additional 2,203 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Sendas Distribuidora by 186.4% in the third quarter. Signaturefd LLC now owns 10,091 shares of the company’s stock valued at $69,000 after buying an additional 6,567 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Sendas Distribuidora in the third quarter valued at about $77,000. Privium Fund Management B.V. raised its holdings 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 valued at $122,000 after buying an additional 2,900 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of Sendas Distribuidora in the first quarter valued at about $160,000. 8.76% of the stock is owned by hedge funds and other institutional investors.

Sendas Distribuidora Trading Up 3.4 %

Shares of Sendas Distribuidora stock opened at $6.45 on Tuesday. Sendas Distribuidora S.A. has a 52-week low of $5.73 and a 52-week high of $15.25. The company has a quick ratio of 0.43, a current ratio of 0.86 and a debt-to-equity ratio of 4.15. The company’s 50-day simple moving average is $6.55 and its 200-day simple moving average is $8.83. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 0.50 and a beta of 1.03.

Wall Street Analysts Forecast Growth

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

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.