Breakout Capital Partners LP Takes Position in Sendas Distribuidora S.A. (NYSE:ASAI)

Breakout Capital Partners LP bought a new position in Sendas Distribuidora S.A. (NYSE:ASAI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 965,775 shares of the company's stock, valued at approximately $13,347,000. Sendas Distribuidora makes up 7.2% of Breakout Capital Partners LP's portfolio, making the stock its 7th biggest holding. Breakout Capital Partners LP owned approximately 0.36% of Sendas Distribuidora at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in Sendas Distribuidora by 535.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,378 shares of the company's stock valued at $47,000 after acquiring an additional 2,846 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Sendas Distribuidora in the third quarter valued at approximately $52,000. PNC Financial Services Group Inc. raised its position in Sendas Distribuidora by 36.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 5,766 shares of the company's stock worth $70,000 after purchasing an additional 1,539 shares during the last quarter. Jump Financial LLC acquired a new position in Sendas Distribuidora during the 4th quarter worth $143,000. Finally, HBK Sorce Advisory LLC lifted its holdings in Sendas Distribuidora by 16.1% during the 4th quarter. HBK Sorce Advisory LLC now owns 12,741 shares of the company's stock worth $176,000 after buying an additional 1,769 shares in the last quarter. 8.76% of the stock is currently owned by institutional investors.

Sendas Distribuidora Trading Up 1.0 %

Sendas Distribuidora stock traded up $0.11 during mid-day trading on Friday, hitting $10.91. 324,167 shares of the company's stock were exchanged, compared to its average volume of 288,563. Sendas Distribuidora S.A. has a fifty-two week low of $10.60 and a fifty-two week high of $15.25. The company's 50 day simple moving average is $12.68 and its 200-day simple moving average is $13.51. The firm has a market capitalization of $2.95 billion, a P/E ratio of 20.58, a PEG ratio of 0.46 and a beta of 1.11. The company has a quick ratio of 0.39, a current ratio of 0.77 and a debt-to-equity ratio of 4.10.

Sendas Distribuidora (NYSE:ASAI - Get Free Report) last announced its earnings results on Wednesday, April 24th. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.36 billion. Sendas Distribuidora had a net margin of 1.02% and a return on equity of 15.74%. On average, equities analysts anticipate that Sendas Distribuidora S.A. will post 0.58 earnings per share for the current year.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. raised Sendas Distribuidora from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $15.00 to $17.00 in a report on Tuesday, April 23rd.

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.