50,000 Shares in SNDL Inc. (NASDAQ:SNDL) Purchased by RMR Capital Management LLC

RMR Capital Management LLC bought a new stake in SNDL Inc. (NASDAQ:SNDL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,000 shares of the company’s stock, valued at approximately $103,000.

A number of other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of SNDL in the 3rd quarter valued at about $33,000. Jeppson Wealth Management LLC acquired a new position in shares of SNDL during the 2nd quarter worth approximately $38,000. Concurrent Investment Advisors LLC bought a new stake in shares of SNDL during the 1st quarter worth approximately $120,000. Magnus Financial Group LLC acquired a new stake in shares of SNDL in the 2nd quarter valued at approximately $228,000. Finally, Vontobel Holding Ltd. grew its stake in shares of SNDL by 38.7% in the third quarter. Vontobel Holding Ltd. now owns 159,914 shares of the company’s stock valued at $329,000 after buying an additional 44,579 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group initiated 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 on the stock.

SNDL Stock Performance

SNDL stock traded down $0.01 during midday trading on Tuesday, reaching $1.98. 1,094,012 shares of the company’s stock were exchanged, compared to its average volume of 3,761,281. The stock’s 50-day simple moving average is $2.06 and its 200 day simple moving average is $2.11. The firm has a market cap of $328.72 million, a price-to-earnings 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 52 week low of $1.30 and a 52 week high of $2.93.

About SNDL

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.