Graham Capital Management L.P. Boosts Stock Holdings in SNDL Inc. (NASDAQ:SNDL)

Graham Capital Management L.P. boosted its stake in shares of SNDL Inc. (NASDAQ:SNDL) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,827 shares of the company’s stock after purchasing an additional 14,461 shares during the period. Graham Capital Management L.P. owned approximately 0.05% of SNDL worth $248,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SNDL. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of SNDL in the fourth quarter worth $25,000. EntryPoint Capital LLC acquired a new stake in shares of SNDL in the fourth quarter worth $32,000. National Bank of Canada FI acquired a new stake in shares of SNDL in the fourth quarter worth $33,000. Straightline Group LLC acquired a new stake in SNDL during the 4th quarter valued at $51,000. Finally, Headlands Technologies LLC grew its holdings in SNDL by 513.5% during the 4th quarter. Headlands Technologies LLC now owns 34,806 shares of the company’s stock valued at $62,000 after purchasing an additional 29,133 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

SNDL Trading Up 5.5%

SNDL stock opened at $1.35 on Monday. SNDL Inc. has a 52-week low of $1.24 and a 52-week high of $2.49. The firm has a market capitalization of $354.75 million, a price-to-earnings ratio of -4.35 and a beta of 3.68. The firm has a 50-day moving average price of $1.41 and a two-hundred day moving average price of $1.68. 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 (NASDAQ:SNDL) last released its earnings results on Thursday, May 1st. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.02. SNDL had a negative net margin of 12.11% and a negative return on equity of 8.27%. The business had revenue of $142.38 million during the quarter, compared to analyst estimates of $214.60 million. Sell-side analysts expect that SNDL Inc. will post -0.09 earnings per share for the current year.

SNDL Company 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.