Bayesian Capital Management LP Makes New $160,000 Investment in Sendas Distribuidora S.A. (NYSE:ASAI)

Bayesian Capital Management LP acquired a new position in shares of Sendas Distribuidora S.A. (NYSE:ASAI) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,823 shares of the company’s stock, valued at approximately $160,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ASAI. Breakout Capital Partners LP acquired a new stake in shares of Sendas Distribuidora during the 4th quarter worth approximately $13,347,000. Royal London Asset Management Ltd. grew its stake in shares of Sendas Distribuidora by 888.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 307,970 shares of the company’s stock worth $4,256,000 after purchasing an additional 276,826 shares during the period. ANTIPODES PARTNERS Ltd grew its stake in shares of Sendas Distribuidora by 22.1% during the 4th 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 during the period. Brandes Investment Partners LP grew its stake in shares of Sendas Distribuidora by 146.1% during the 4th quarter. Brandes Investment Partners LP now owns 176,981 shares of the company’s stock worth $2,446,000 after purchasing an additional 105,073 shares during the period. Finally, Barings LLC grew its stake 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 period. Institutional investors and hedge funds own 8.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on shares of Sendas Distribuidora from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd.

Sendas Distribuidora Price Performance

Sendas Distribuidora stock opened at $8.60 on Friday. The company’s fifty day moving average price is $10.30 and its 200 day moving average price is $12.61. Sendas Distribuidora S.A. has a 1 year low of $8.36 and a 1 year high of $15.25. The stock has a market capitalization of $2.33 billion, a P/E ratio of 16.23, a P/E/G ratio of 0.40 and a beta of 1.05. The company has a debt-to-equity ratio of 4.10, a quick ratio of 0.39 and a current ratio of 0.77.

About Sendas Distribuidora

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.