WINTON GROUP Ltd Sells 159,301 Shares of SNDL Inc. (NASDAQ:SNDL)

WINTON GROUP Ltd lessened its stake in shares of SNDL Inc. (NASDAQ:SNDL) by 34.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,080 shares of the company’s stock after selling 159,301 shares during the quarter. WINTON GROUP Ltd’s holdings in SNDL were worth $535,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Tidal Investments LLC raised its stake in SNDL by 5.0% during the 3rd quarter. Tidal Investments LLC now owns 6,510,961 shares of the company’s stock worth $13,413,000 after buying an additional 311,642 shares during the period. Virtu Financial LLC acquired a new stake in SNDL in the fourth quarter valued at approximately $187,000. LPL Financial LLC increased its holdings in shares of SNDL by 339.5% during the fourth quarter. LPL Financial LLC now owns 66,306 shares of the company’s stock valued at $119,000 after acquiring an additional 51,218 shares in the last quarter. Transform Wealth LLC acquired a new position in shares of SNDL during the fourth quarter worth approximately $87,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of SNDL in the 4th quarter worth $69,000.

SNDL Price Performance

Shares of NASDAQ SNDL opened at $1.45 on Monday. The stock has a market cap of $381.03 million, a price-to-earnings ratio of -4.68 and a beta of 3.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.16 and a current ratio of 5.61. SNDL Inc. has a fifty-two week low of $1.43 and a fifty-two week high of $2.93. The firm’s 50-day simple moving average is $1.68 and its 200 day simple moving average is $1.86.

SNDL (NASDAQ:SNDL) last posted its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share 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 company had revenue of $179.06 million during the quarter, compared to the consensus estimate of $248.10 million. As a group, research analysts anticipate that SNDL Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

SNDL Profile

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.