AdvisorShares Investments LLC Has $8.82 Million Stake in SNDL Inc. $SNDL

AdvisorShares Investments LLC increased its holdings in shares of SNDL Inc. (NASDAQ:SNDL) by 203.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,292,492 shares of the company’s stock after buying an additional 2,208,160 shares during the period. SNDL accounts for about 1.4% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 12th biggest holding. AdvisorShares Investments LLC owned approximately 1.25% of SNDL worth $8,824,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Traynor Capital Management Inc. acquired a new stake in SNDL during the 3rd quarter worth $27,000. Vontobel Holding Ltd. acquired a new position in shares of SNDL in the 3rd quarter valued at $113,000. SkyView Investment Advisors LLC lifted its stake in shares of SNDL by 4.5% in the 2nd quarter. SkyView Investment Advisors LLC now owns 288,301 shares of the company’s stock valued at $355,000 after purchasing an additional 12,467 shares during the period. Corient Private Wealth LLC boosted its position in shares of SNDL by 54.5% in the 2nd quarter. Corient Private Wealth LLC now owns 60,728 shares of the company’s stock worth $73,000 after purchasing an additional 21,414 shares during the last quarter. Finally, Tidal Investments LLC boosted its position in shares of SNDL by 2.5% in the 2nd quarter. Tidal Investments LLC now owns 7,272,668 shares of the company’s stock worth $8,800,000 after purchasing an additional 178,622 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SNDL in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.50.

SNDL Trading Up 4.1%

NASDAQ:SNDL opened at $1.51 on Friday. SNDL Inc. has a twelve month low of $1.15 and a twelve month high of $2.89. The business has a 50 day moving average price of $1.70 and a two-hundred day moving average price of $1.99. The company has a quick ratio of 3.54, a current ratio of 5.04 and a debt-to-equity ratio of 0.11.

About SNDL

SNDL Inc, formerly known as Sundial Growers Inc, is a Canada-based consumer packaged goods company focused on the production, manufacturing and distribution of cannabis products. Headquartered in Calgary, Alberta, SNDL operates multiple cultivation and processing facilities across Canada, including indoor and hybrid greenhouses in British Columbia and Ontario. The company serves both adult-use and medical cannabis markets, supplying provincial distributors as well as operating through its own wholesale and retail networks.

The company’s product portfolio spans dried flower, pre-rolls, vape cartridges, cannabis oils, edibles and infused beverages under a variety of in-house brands.