Vontobel Holding Ltd. grew its holdings in shares of SNDL Inc. (NASDAQ:SNDL – Free Report) by 38.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 159,914 shares of the company’s stock after buying an additional 44,579 shares during the quarter. Vontobel Holding Ltd.’s holdings in SNDL were worth $329,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in shares of SNDL in the third quarter valued at about $33,000. Jeppson Wealth Management LLC acquired a new stake in SNDL during the 2nd quarter valued at $38,000. Concurrent Investment Advisors LLC purchased a new stake in SNDL during the 1st quarter worth $120,000. Magnus Financial Group LLC acquired a new position in shares of SNDL in the second quarter worth about $228,000. Finally, WINTON GROUP Ltd purchased a new position in SNDL in the second quarter valued at about $742,000.
SNDL Stock Up 7.0 %
NASDAQ:SNDL opened at $2.15 on Wednesday. The stock has a 50-day simple moving average of $2.04 and a 200 day simple moving average of $2.10. SNDL Inc. has a one year low of $1.30 and a one year high of $2.93. The company has a market capitalization of $356.94 million, a price-to-earnings ratio of -5.38 and a beta of 3.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.98 and a current ratio of 4.34.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group began coverage on shares of SNDL in a research report on Wednesday, July 17th. They set a “speculative buy” rating and a $3.25 price target for the company.
Check Out Our Latest Stock Analysis on SNDL
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.
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