SNDL Inc. (NASDAQ:SNDL) Shares Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in SNDL Inc. (NASDAQ:SNDL) by 38.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,914 shares of the company’s stock after purchasing an additional 44,579 shares during the period. Vontobel Holding Ltd. owned approximately 0.10% of SNDL worth $329,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC purchased a new stake in SNDL in the 1st quarter valued at approximately $18,237,000. Millennium Management LLC lifted its holdings in SNDL by 138.7% in the second quarter. Millennium Management LLC now owns 2,080,069 shares of the company’s stock valued at $3,952,000 after acquiring an additional 1,208,556 shares during the period. AdvisorShares Investments LLC lifted its holdings in SNDL by 27.0% in the second quarter. AdvisorShares Investments LLC now owns 1,409,212 shares of the company’s stock valued at $2,706,000 after acquiring an additional 300,000 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of SNDL during the 2nd quarter worth $742,000. Finally, Magnus Financial Group LLC purchased a new stake in SNDL during the second quarter worth about $228,000.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group initiated coverage on SNDL in a report on Wednesday, July 17th. They issued a “speculative buy” rating and a $3.25 price target on the stock.

SNDL Stock Performance

Shares of SNDL opened at $2.15 on Wednesday. SNDL Inc. has a 12-month low of $1.30 and a 12-month high of $2.93. The stock has a market cap of $356.94 million, a P/E ratio of -5.38 and a beta of 3.19. The company has a current ratio of 4.34, a quick ratio of 2.98 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $2.04 and a two-hundred day moving average of $2.10.

SNDL (NASDAQ:SNDL) last released its quarterly earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $166.73 million during the quarter, compared to analysts’ expectations of $175.76 million. SNDL had a negative return on equity of 8.30% and a negative net margin of 12.36%. During the same period in the previous year, the firm posted ($0.08) earnings per share. As a group, research analysts predict that SNDL Inc. will post -0.08 EPS for the current fiscal year.

SNDL Company Profile

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.