Goldman Sachs Group Inc. Has $598,000 Holdings in SNDL Inc. $SNDL

Goldman Sachs Group Inc. raised its holdings in shares of SNDL Inc. (NASDAQ:SNDL) by 17.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 424,317 shares of the company’s stock after purchasing an additional 62,004 shares during the period. Goldman Sachs Group Inc. owned 0.16% of SNDL worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in SNDL during the 1st quarter valued at about $130,000. State of Wyoming lifted its position in SNDL by 14.5% during the 1st quarter. State of Wyoming now owns 650,510 shares of the company’s stock valued at $917,000 after purchasing an additional 82,326 shares during the period. Quantbot Technologies LP lifted its position in SNDL by 815.0% during the 1st quarter. Quantbot Technologies LP now owns 21,667 shares of the company’s stock valued at $31,000 after purchasing an additional 19,299 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in SNDL during the 1st quarter valued at about $30,000. Finally, National Bank of Canada FI lifted its position in SNDL by 102.7% during the 1st 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.

Analysts Set New Price Targets

Separately, Alliance Global Partners assumed coverage on shares of SNDL in a research report on Wednesday, September 3rd. They set a “buy” rating and a $5.00 target price on the stock. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, SNDL has an average rating of “Buy” and a consensus target price of $4.50.

SNDL Stock Up 2.8%

SNDL stock opened at $2.57 on Thursday. The company’s 50 day simple moving average is $2.11 and its 200 day simple moving average is $1.63. SNDL Inc. has a fifty-two week low of $1.15 and a fifty-two week high of $2.74. The firm has a market capitalization of $675.34 million, a price-to-earnings ratio of -9.52 and a beta of 3.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.03 and a quick ratio of 3.36.

SNDL (NASDAQ:SNDL) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.05. SNDL had a negative net margin of 10.38% and a negative return on equity of 8.58%. The business had revenue of $179.78 million for the quarter, compared to analyst estimates of $231.50 million. As a group, sell-side 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.