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

Vontobel Holding Ltd. raised its position in shares of SNDL Inc. (NASDAQ:SNDL) by 93.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,780 shares of the company’s stock after acquiring an additional 56,544 shares during the period. Vontobel Holding Ltd.’s holdings in SNDL were worth $192,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SNDL. Capital Advisors Inc. OK purchased a new stake in shares of SNDL in the third quarter worth about $26,000. Commonwealth Equity Services LLC boosted its position in shares of SNDL by 80.6% in the third quarter. Commonwealth Equity Services LLC now owns 40,872 shares of the company’s stock worth $78,000 after buying an additional 18,241 shares during the period. Firethorn Wealth Partners LLC boosted its position in shares of SNDL by 51.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 60,778 shares of the company’s stock worth $100,000 after buying an additional 20,628 shares during the period. Cambria Investment Management L.P. boosted its position in shares of SNDL by 44.1% in the third quarter. Cambria Investment Management L.P. now owns 245,840 shares of the company’s stock worth $467,000 after buying an additional 75,285 shares during the period. Finally, AdvisorShares Investments LLC boosted its position in shares of SNDL by 14.6% in the third quarter. AdvisorShares Investments LLC now owns 719,990 shares of the company’s stock worth $1,368,000 after buying an additional 91,630 shares during the period.

SNDL Trading Down 3.4 %

Shares of NASDAQ SNDL opened at $2.00 on Thursday. SNDL Inc. has a 1-year low of $1.25 and a 1-year high of $2.67. The business has a 50-day moving average of $1.69 and a 200-day moving average of $1.55. The company has a quick ratio of 2.69, a current ratio of 3.94 and a debt-to-equity ratio of 0.11.

SNDL (NASDAQ:SNDL) last issued its earnings results on Wednesday, March 20th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.10). SNDL had a negative return on equity of 11.40% and a negative net margin of 18.45%. The company had revenue of $182.51 million during the quarter, compared to analysts’ expectations of $178.85 million. As a group, equities analysts anticipate that SNDL Inc. will post -0.05 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.