Sendas Distribuidora S.A. (NYSE:ASAI – Get Free Report) traded down 3.6% on Wednesday . The company traded as low as $9.01 and last traded at $9.03. 185,870 shares were traded during trading, a decline of 40% from the average session volume of 310,191 shares. The stock had previously closed at $9.37.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. increased their target price on shares of Sendas Distribuidora from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd.
View Our Latest Research Report on Sendas Distribuidora
Sendas Distribuidora Stock Performance
Institutional Investors Weigh In On Sendas Distribuidora
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Breakout Capital Partners LP bought a new stake in Sendas Distribuidora during the fourth quarter worth approximately $13,347,000. Brandes Investment Partners LP raised its position in shares of Sendas Distribuidora by 146.1% during the fourth 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. Vanguard Group Inc. lifted its holdings in shares of Sendas Distribuidora by 6.0% during the first quarter. Vanguard Group Inc. now owns 1,124,903 shares of the company’s stock valued at $16,626,000 after purchasing an additional 63,227 shares during the last quarter. Royal London Asset Management Ltd. boosted its position in shares of Sendas Distribuidora by 888.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 307,970 shares of the company’s stock valued at $4,256,000 after purchasing an additional 276,826 shares during the period. Finally, Federated Hermes Inc. increased its stake in Sendas Distribuidora by 63.0% in the 4th quarter. Federated Hermes Inc. now owns 67,990 shares of the company’s stock worth $940,000 after purchasing an additional 26,290 shares in the last quarter. 8.76% of the stock is currently owned by institutional investors.
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.
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