RMR Capital Management LLC Purchases New Shares in SNDL Inc. (NASDAQ:SNDL)

RMR Capital Management LLC acquired a new stake in SNDL Inc. (NASDAQ:SNDL) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 50,000 shares of the company’s stock, valued at approximately $103,000.

Several other large investors have also recently added to or reduced their stakes in SNDL. Tidal Investments LLC bought a new position in shares of SNDL during the first quarter worth approximately $18,237,000. Millennium Management LLC raised its holdings in SNDL by 138.7% in the 2nd quarter. Millennium Management LLC now owns 2,080,069 shares of the company’s stock valued at $3,952,000 after acquiring an additional 1,208,556 shares in the last quarter. WINTON GROUP Ltd acquired a new position in SNDL in the 2nd quarter valued at $742,000. AdvisorShares Investments LLC lifted its position in shares of SNDL by 27.0% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,409,212 shares of the company’s stock valued at $2,706,000 after acquiring an additional 300,000 shares during the period. Finally, Magnus Financial Group LLC acquired a new stake in shares of SNDL during the 2nd quarter worth $228,000.

SNDL Price Performance

Shares of NASDAQ SNDL traded down $0.01 during trading hours on Tuesday, hitting $1.98. 1,094,012 shares of the stock were exchanged, compared to its average volume of 3,761,281. The company’s fifty day simple moving average is $2.06 and its two-hundred day simple moving average is $2.11. The company has a market cap of $328.72 million, a PE ratio of -6.42 and a beta of 3.20. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.98 and a current ratio of 5.61. SNDL Inc. has a 1-year low of $1.30 and a 1-year high of $2.93.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group assumed coverage on SNDL in a research note on Wednesday, July 17th. They issued a “speculative buy” rating and a $3.25 price target for the company.

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.