Virtu Financial LLC Cuts Holdings in SNDL Inc. (NASDAQ:SNDL)

Virtu Financial LLC cut its position in shares of SNDL Inc. (NASDAQ:SNDL) by 25.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 162,854 shares of the company’s stock after selling 55,006 shares during the quarter. Virtu Financial LLC’s holdings in SNDL were worth $267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in SNDL by 163.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 28,507 shares of the company’s stock worth $47,000 after purchasing an additional 17,669 shares during the last quarter. Firethorn Wealth Partners LLC boosted its stake in SNDL by 51.4% in the fourth quarter. Firethorn Wealth Partners LLC now owns 60,778 shares of the company’s stock valued at $100,000 after acquiring an additional 20,628 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in SNDL by 93.9% in the fourth quarter. Vontobel Holding Ltd. now owns 116,780 shares of the company’s stock valued at $192,000 after acquiring an additional 56,544 shares during the last quarter. Cable Car Capital LLC purchased a new position in SNDL in the fourth quarter valued at about $502,000. Finally, AdvisorShares Investments LLC boosted its stake in SNDL by 12.4% in the fourth quarter. AdvisorShares Investments LLC now owns 809,212 shares of the company’s stock valued at $1,327,000 after acquiring an additional 89,222 shares during the last quarter.

SNDL Price Performance

SNDL opened at $1.82 on Friday. The company has a current ratio of 4.22, a quick ratio of 2.86 and a debt-to-equity ratio of 0.10. SNDL Inc. has a twelve month low of $1.25 and a twelve month high of $2.93. The company’s 50-day moving average price is $2.16 and its two-hundred day moving average price is $1.76.

SNDL (NASDAQ:SNDL) last released its earnings results on Wednesday, May 8th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.03. The firm had revenue of $146.69 million for the quarter, compared to analysts’ expectations of $154.88 million. SNDL had a negative net margin of 14.99% and a negative return on equity of 9.98%. During the same period in the previous year, the company earned ($0.07) earnings per share. As a group, equities analysts predict that SNDL Inc. will post -0.01 EPS for the current year.

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.