Boothbay Fund Management LLC Invests $404,000 in SNDL Inc. (NASDAQ:SNDL)

Boothbay Fund Management LLC bought a new stake in SNDL Inc. (NASDAQ:SNDL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 225,605 shares of the company's stock, valued at approximately $404,000. Boothbay Fund Management LLC owned 0.09% of SNDL as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cannell Capital LLC lifted its stake in SNDL by 23.6% in the fourth quarter. Cannell Capital LLC now owns 10,176,305 shares of the company's stock valued at $18,216,000 after buying an additional 1,945,045 shares during the period. Tidal Investments LLC increased its stake in shares of SNDL by 5.0% in the 3rd quarter. Tidal Investments LLC now owns 6,510,961 shares of the company's stock valued at $13,413,000 after acquiring an additional 311,642 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in SNDL in the fourth quarter valued at $2,236,000. Invesco Ltd. raised its stake in SNDL by 1.3% during the 4th quarter. Invesco Ltd. now owns 806,812 shares of the company's stock worth $1,444,000 after buying an additional 10,134 shares during the period. Finally, State Street Corp lifted its holdings in shares of SNDL by 1.5% in the 3rd quarter. State Street Corp now owns 353,107 shares of the company's stock worth $727,000 after purchasing an additional 5,246 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, ATB Capital raised their price target on shares of SNDL from $3.50 to $4.00 in a research report on Wednesday, March 19th.

SNDL Stock Up 0.4 %

SNDL traded up $0.01 during mid-day trading on Wednesday, reaching $1.32. 513,852 shares of the stock were exchanged, compared to its average volume of 2,315,256. SNDL Inc. has a 1 year low of $1.26 and a 1 year high of $2.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.16 and a current ratio of 5.61. The stock has a market capitalization of $345.55 million, a PE ratio of -4.24 and a beta of 3.68. The company has a 50 day moving average price of $1.46 and a two-hundred day moving average price of $1.73.

SNDL (NASDAQ:SNDL - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $142.38 million for the quarter, compared to analysts' expectations of $214.60 million. SNDL had a negative net margin of 12.11% and a negative return on equity of 8.27%. As a group, research analysts anticipate that SNDL Inc. will post -0.09 EPS for the current year.

About SNDL

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.