Two Sigma Securities LLC Has $103,000 Position in SNDL Inc. (NASDAQ:SNDL)

Two Sigma Securities LLC boosted its position in shares of SNDL Inc. (NASDAQ:SNDL) by 74.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 57,755 shares of the company’s stock after buying an additional 24,565 shares during the quarter. Two Sigma Securities LLC’s holdings in SNDL were worth $103,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. lifted its stake in shares of SNDL by 1.3% during the fourth quarter. Invesco Ltd. now owns 806,812 shares of the company’s stock valued at $1,444,000 after acquiring an additional 10,134 shares during the period. EntryPoint Capital LLC acquired a new position in SNDL during the 4th quarter valued at about $32,000. Tidal Investments LLC boosted its stake in shares of SNDL by 5.0% in the 3rd 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. Cannell Capital LLC grew its position in shares of SNDL by 23.6% during the 4th quarter. Cannell Capital LLC now owns 10,176,305 shares of the company’s stock worth $18,216,000 after buying an additional 1,945,045 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of SNDL during the fourth quarter worth approximately $2,236,000.

SNDL Stock Down 5.4 %

Shares of SNDL stock opened at $1.41 on Friday. The business has a fifty day simple moving average of $1.47 and a 200 day simple moving average of $1.75. The stock has a market cap of $370.51 million, a PE ratio of -4.55 and a beta of 3.23. The company has a quick ratio of 4.16, a current ratio of 5.61 and a debt-to-equity ratio of 0.10. SNDL Inc. has a 12 month low of $1.26 and a 12 month high of $2.93.

SNDL (NASDAQ:SNDL) last posted its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.18). The company had revenue of $179.06 million for the quarter, compared to analyst estimates of $248.10 million. SNDL had a negative return on equity of 8.27% and a negative net margin of 12.11%. Research analysts predict that SNDL Inc. will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.