SNDL Inc. $SNDL Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP boosted its position in SNDL Inc. (NASDAQ:SNDL) by 815.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,667 shares of the company’s stock after purchasing an additional 19,299 shares during the period. Quantbot Technologies LP’s holdings in SNDL were worth $31,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in SNDL in the first quarter valued at about $30,000. National Bank of Canada FI lifted its position in SNDL by 102.7% in the first quarter. National Bank of Canada FI now owns 37,231 shares of the company’s stock valued at $52,000 after purchasing an additional 18,864 shares during the period. R Squared Ltd lifted its position in SNDL by 722.2% in the first quarter. R Squared Ltd now owns 35,520 shares of the company’s stock valued at $50,000 after purchasing an additional 31,200 shares during the period. Mackenzie Financial Corp lifted its position in SNDL by 735.7% in the first quarter. Mackenzie Financial Corp now owns 162,793 shares of the company’s stock valued at $230,000 after purchasing an additional 143,312 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its position in SNDL by 3.7% in the first quarter. OneDigital Investment Advisors LLC now owns 210,688 shares of the company’s stock valued at $297,000 after purchasing an additional 7,558 shares during the period.

SNDL Price Performance

Shares of NASDAQ:SNDL opened at $2.68 on Friday. The company has a quick ratio of 3.36, a current ratio of 5.03 and a debt-to-equity ratio of 0.11. The company has a market cap of $704.25 million, a P/E ratio of -9.93 and a beta of 3.57. SNDL Inc. has a 52 week low of $1.15 and a 52 week high of $2.74. The company has a 50-day moving average price of $1.70 and a 200 day moving average price of $1.53.

SNDL (NASDAQ:SNDL) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $179.78 million during the quarter, compared to the consensus estimate of $231.50 million. SNDL had a negative net margin of 10.38% and a negative return on equity of 8.58%. Research analysts predict that SNDL Inc. will post -0.09 earnings per share 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.