OMERS ADMINISTRATION Corp bought a new position in SNDL Inc. (NASDAQ:SNDL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 326,400 shares of the company's stock, valued at approximately $584,000. OMERS ADMINISTRATION Corp owned approximately 0.12% of SNDL at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Invesco Ltd. grew its position in shares of SNDL by 1.3% in the 4th quarter. Invesco Ltd. now owns 806,812 shares of the company's stock worth $1,444,000 after acquiring an additional 10,134 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of SNDL in the 4th quarter worth approximately $32,000. Tower Research Capital LLC TRC acquired a new position in shares of SNDL in the 4th quarter worth approximately $77,000. Cannell Capital LLC grew its position in shares of SNDL by 23.6% in the 4th quarter. Cannell Capital LLC now owns 10,176,305 shares of the company's stock worth $18,216,000 after acquiring an additional 1,945,045 shares in the last quarter. Finally, Boothbay Fund Management LLC acquired a new position in shares of SNDL in the 4th quarter worth approximately $404,000.
Wall Street Analyst Weigh In
Separately, ATB Capital lifted their target price on SNDL from $3.50 to $4.00 in a research report on Wednesday, March 19th.
Get Our Latest Research Report on SNDL
SNDL Stock Performance
NASDAQ:SNDL traded down $0.02 during midday trading on Friday, reaching $1.29. 1,270,502 shares of the company traded hands, compared to its average volume of 2,028,543. SNDL Inc. has a twelve month low of $1.24 and a twelve month high of $2.40. The firm has a market capitalization of $338.98 million, a price-to-earnings ratio of -4.16 and a beta of 3.68. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.61 and a quick ratio of 4.16. The company has a fifty day moving average price of $1.39 and a 200 day moving average price of $1.66.
SNDL (NASDAQ:SNDL - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.02. SNDL had a negative return on equity of 8.27% and a negative net margin of 12.11%. The business had revenue of $142.38 million during the quarter, compared to analyst estimates of $214.60 million. On average, analysts expect that SNDL Inc. will post -0.09 EPS for the current fiscal year.
SNDL Company Profile
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Free Report)
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.
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