Mirae Asset Global Investments Co. Ltd. lowered its position in shares of SNDL Inc. (NASDAQ:SNDL – Free Report) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,031,312 shares of the company’s stock after selling 891,113 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SNDL were worth $8,251,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Capital Advisors Inc. OK purchased a new stake in shares of SNDL in the third quarter valued at approximately $26,000. Commonwealth Equity Services LLC grew 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 valued at $78,000 after purchasing an additional 18,241 shares in the last quarter. Cambria Investment Management L.P. grew 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 valued at $467,000 after purchasing an additional 75,285 shares in the last quarter. AdvisorShares Investments LLC grew 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 valued at $1,368,000 after purchasing an additional 91,630 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of SNDL in the second quarter valued at approximately $72,000.
SNDL Stock Down 4.3 %
SNDL stock opened at $2.00 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.69 and a current ratio of 3.94. The business has a 50 day simple moving average of $1.60 and a 200-day simple moving average of $1.54. SNDL Inc. has a 1 year low of $1.25 and a 1 year high of $2.67.
SNDL (NASDAQ:SNDL – Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $182.51 million during the quarter, compared to analysts’ expectations of $178.85 million. SNDL had a negative return on equity of 11.40% and a negative net margin of 18.45%. Sell-side analysts anticipate that SNDL Inc. will post -0.05 EPS for the current year.
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.
See Also
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