Thornburg Investment Management Inc. Purchases 7,001 Shares of Sendas Distribuidora S.A. (NYSE:ASAI)

Thornburg Investment Management Inc. grew its position in shares of Sendas Distribuidora S.A. (NYSE:ASAI) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,720 shares of the company’s stock after acquiring an additional 7,001 shares during the quarter. Thornburg Investment Management Inc.’s holdings in Sendas Distribuidora were worth $1,033,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Sendas Distribuidora by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock valued at $16,626,000 after acquiring an additional 63,227 shares in the last quarter. SageView Advisory Group LLC bought a new position in Sendas Distribuidora in the first quarter valued at approximately $69,000. Barings LLC increased its position in shares of Sendas Distribuidora by 28.9% during the 1st quarter. Barings LLC now owns 403,015 shares of the company’s stock worth $5,957,000 after purchasing an additional 90,256 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Sendas Distribuidora during the 1st quarter worth approximately $310,000. Finally, Privium Fund Management B.V. acquired a new stake in shares of Sendas Distribuidora in the 1st quarter valued at approximately $163,000. 8.76% of the stock is owned by institutional investors.

Sendas Distribuidora Stock Performance

NYSE ASAI traded down $0.51 during trading on Wednesday, reaching $8.89. 347,608 shares of the company’s stock were exchanged, compared to its average volume of 299,591. The company has a debt-to-equity ratio of 4.10, a current ratio of 0.77 and a quick ratio of 0.39. The business has a 50 day moving average price of $10.83 and a 200-day moving average price of $12.83. The stock has a market capitalization of $2.40 billion, a P/E ratio of 16.77, a PEG ratio of 0.44 and a beta of 1.05. Sendas Distribuidora S.A. has a fifty-two week low of $8.63 and a fifty-two week high of $15.25.

Sendas Distribuidora (NYSE:ASAI) last issued its earnings results on Wednesday, April 24th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Sendas Distribuidora had a return on equity of 15.74% and a net margin of 1.02%. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.36 billion. Sell-side analysts forecast that Sendas Distribuidora S.A. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price target on shares of Sendas Distribuidora from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday.

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.