Sendas Distribuidora S.A. (NYSE:ASAI – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $8.92, but opened at $8.73. Sendas Distribuidora shares last traded at $8.76, with a volume of 14,880 shares trading hands.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. boosted their target price on shares of Sendas Distribuidora from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd.
Check Out Our Latest Report on Sendas Distribuidora
Sendas Distribuidora Trading Down 2.5 %
Institutional Trading of Sendas Distribuidora
Several institutional investors and hedge funds have recently made changes to their positions in ASAI. SPX Gestao de Recursos Ltda raised its position in Sendas Distribuidora by 13.3% in the 2nd quarter. SPX Gestao de Recursos Ltda now owns 81,733 shares of the company’s stock worth $760,000 after purchasing an additional 9,607 shares during the period. AQR Capital Management LLC raised its stake in Sendas Distribuidora by 44.4% in the second quarter. AQR Capital Management LLC now owns 19,738 shares of the company’s stock worth $184,000 after buying an additional 6,068 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of Sendas Distribuidora during the second quarter valued at approximately $212,000. Renaissance Technologies LLC purchased a new stake in shares of Sendas Distribuidora in the 2nd quarter worth about $810,000. Finally, Daiwa Securities Group Inc. grew its holdings in Sendas Distribuidora by 66.7% in the second quarter. Daiwa Securities Group Inc. now owns 35,000 shares of the company’s stock worth $326,000 after purchasing an additional 14,000 shares during the period. Hedge funds and other institutional investors own 8.76% of the company’s stock.
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.
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