Penserra Capital Management LLC Sells 20,844 Shares of SNDL Inc. (NASDAQ:SNDL)

Penserra Capital Management LLC lessened its holdings in SNDL Inc. (NASDAQ:SNDL) by 6.7% during the third quarter, HoldingsChannel reports. The fund owned 289,526 shares of the company’s stock after selling 20,844 shares during the quarter. Penserra Capital Management LLC’s holdings in SNDL were worth $596,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Magnus Financial Group LLC purchased a new stake in shares of SNDL in the second quarter worth approximately $228,000. Jeppson Wealth Management LLC bought a new stake in SNDL during the second quarter worth $38,000. AdvisorShares Investments LLC raised its position in SNDL by 27.0% in the 2nd quarter. AdvisorShares Investments LLC now owns 1,409,212 shares of the company’s stock valued at $2,706,000 after buying an additional 300,000 shares during the last quarter. WINTON GROUP Ltd bought a new position in SNDL during the 2nd quarter valued at $742,000. Finally, Millennium Management LLC boosted its holdings in SNDL by 138.7% during the 2nd quarter. Millennium Management LLC now owns 2,080,069 shares of the company’s stock worth $3,952,000 after acquiring an additional 1,208,556 shares during the last quarter.

SNDL Stock Performance

NASDAQ SNDL opened at $1.96 on Thursday. The company has a current ratio of 5.61, a quick ratio of 4.16 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $2.03 and a 200-day moving average price of $2.08. SNDL Inc. has a 1 year low of $1.30 and a 1 year 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.