MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 612,495 Shares of SNDL Inc. (NASDAQ:SNDL)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in SNDL Inc. (NASDAQ:SNDL) by 41.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,095,205 shares of the company’s stock after acquiring an additional 612,495 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.80% of SNDL worth $3,750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cannell Capital LLC increased its stake in SNDL by 23.6% in the fourth quarter. Cannell Capital LLC now owns 10,176,305 shares of the company’s stock valued at $18,216,000 after acquiring an additional 1,945,045 shares during the period. BNP Paribas Financial Markets bought a new stake in SNDL during the fourth quarter worth about $7,357,000. Arrowstreet Capital Limited Partnership bought a new stake in SNDL during the fourth quarter worth about $2,236,000. Invesco Ltd. grew its stake in SNDL by 1.3% during the fourth quarter. Invesco Ltd. now owns 806,812 shares of the company’s stock worth $1,444,000 after buying an additional 10,134 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in SNDL by 36.0% during the fourth quarter. Bank of America Corp DE now owns 264,106 shares of the company’s stock worth $473,000 after buying an additional 69,919 shares during the last quarter.

SNDL Price Performance

Shares of SNDL stock opened at $1.30 on Tuesday. The company has a current ratio of 5.61, a quick ratio of 4.16 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $341.61 million, a price-to-earnings ratio of -4.19 and a beta of 3.68. SNDL Inc. has a 1-year low of $1.24 and a 1-year high of $2.49. The firm’s 50-day moving average price is $1.41 and its two-hundred day moving average price is $1.68.

SNDL (NASDAQ:SNDL) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. The firm had revenue of $142.38 million for the quarter, compared to analysts’ expectations of $214.60 million. SNDL had a negative net margin of 12.11% and a negative return on equity of 8.27%. On average, equities analysts predict that SNDL Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.