Virtu Financial LLC Takes Position in SNDL Inc. (NASDAQ:SNDL)

Virtu Financial LLC bought a new stake in SNDL Inc. (NASDAQ:SNDL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 104,586 shares of the company’s stock, valued at approximately $187,000.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in SNDL in the fourth quarter valued at approximately $69,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in SNDL in the 4th quarter valued at $25,000. Newman Dignan & Sheerar Inc. lifted its holdings in SNDL by 18.4% during the 4th quarter. Newman Dignan & Sheerar Inc. now owns 64,420 shares of the company’s stock valued at $115,000 after purchasing an additional 10,000 shares during the last quarter. Transform Wealth LLC bought a new position in SNDL during the fourth quarter worth $87,000. Finally, Tidal Investments LLC increased its holdings in shares of SNDL by 5.0% in the third quarter. Tidal Investments LLC now owns 6,510,961 shares of the company’s stock valued at $13,413,000 after purchasing an additional 311,642 shares during the last quarter.

Analyst Ratings Changes

Separately, ATB Capital raised their target price on shares of SNDL from $3.50 to $4.00 in a research note on Wednesday, March 19th.

SNDL Stock Performance

NASDAQ:SNDL opened at $1.45 on Friday. The stock has a 50 day simple moving average of $1.68 and a 200 day simple moving average of $1.86. The stock has a market cap of $381.03 million, a P/E ratio of -4.68 and a beta of 3.39. SNDL Inc. has a 1-year low of $1.43 and a 1-year high of $2.93. The company has a current ratio of 5.61, a quick ratio of 4.16 and a debt-to-equity ratio of 0.10.

SNDL (NASDAQ:SNDL) last announced its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.18). SNDL had a negative net margin of 12.11% and a negative return on equity of 8.27%. The business had revenue of $179.06 million during the quarter, compared to the consensus estimate of $248.10 million. Research analysts anticipate 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.