OneDigital Investment Advisors LLC Acquires New Position in SNDL Inc. (NASDAQ:SNDL)

OneDigital Investment Advisors LLC bought a new position in shares of SNDL Inc. (NASDAQ:SNDL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 203,130 shares of the company's stock, valued at approximately $364,000. OneDigital Investment Advisors LLC owned approximately 0.08% of SNDL as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of SNDL in the 4th quarter worth $25,000. EntryPoint Capital LLC acquired a new stake in SNDL during the fourth quarter worth about $32,000. National Bank of Canada FI purchased a new position in SNDL during the fourth quarter worth about $33,000. Straightline Group LLC acquired a new position in SNDL in the 4th quarter valued at about $51,000. Finally, Headlands Technologies LLC grew its stake in shares of SNDL by 513.5% in the 4th quarter. Headlands Technologies LLC now owns 34,806 shares of the company's stock valued at $62,000 after buying an additional 29,133 shares during the period.

SNDL Trading Up 3.9 %

NASDAQ SNDL traded up $0.06 during trading hours on Thursday, reaching $1.48. The company had a trading volume of 1,394,467 shares, compared to its average volume of 2,541,315. SNDL Inc. has a 1-year low of $1.26 and a 1-year high of $2.93. The stock has a market capitalization of $387.59 million, a P/E ratio of -4.76 and a beta of 3.23. The stock has a 50-day moving average of $1.51 and a 200 day moving average of $1.77. The company has a current ratio of 5.61, a quick ratio of 4.16 and a debt-to-equity ratio of 0.10.

SNDL (NASDAQ:SNDL - Get Free Report) last posted its quarterly earnings data 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 return on equity of 8.27% and a negative net margin of 12.11%. The company had revenue of $179.06 million for the quarter, compared to analysts' expectations 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.

Wall Street Analyst Weigh In

Separately, ATB Capital upped their price objective on SNDL from $3.50 to $4.00 in a report 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.