OMERS ADMINISTRATION Corp bought a new position in shares of SNDL Inc. (NASDAQ:SNDL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 326,400 shares of the company's stock, valued at approximately $584,000. OMERS ADMINISTRATION Corp owned about 0.12% of SNDL at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Invesco Ltd. increased its stake in 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 buying an additional 10,134 shares during the period. EntryPoint Capital LLC bought a new position in SNDL in the 4th quarter worth about $32,000. Tower Research Capital LLC TRC bought a new position in SNDL in the 4th quarter worth about $77,000. Cannell Capital LLC increased its position in shares of SNDL by 23.6% during the fourth 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 during the period. Finally, Boothbay Fund Management LLC bought a new stake in shares of SNDL during the fourth quarter valued at approximately $404,000.
SNDL Stock Performance
Shares of SNDL remained flat at $1.31 during midday trading on Thursday. The stock had a trading volume of 991,420 shares, compared to its average volume of 2,049,682. The company has a market capitalization of $344.24 million, a P/E ratio of -4.23 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. SNDL Inc. has a fifty-two week low of $1.24 and a fifty-two week high of $2.40. The firm has a 50 day moving average price of $1.40 and a 200 day moving average price of $1.67.
SNDL (NASDAQ:SNDL - Get Free Report) last announced 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 firm had revenue of $142.38 million during 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%. On average, sell-side analysts expect that SNDL Inc. will post -0.09 EPS for the current year.
Wall Street Analyst Weigh In
Separately, ATB Capital increased their price objective on SNDL from $3.50 to $4.00 in a research note on Wednesday, March 19th.
Check Out Our Latest Research Report on SNDL
About SNDL
(
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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