Newman Dignan & Sheerar Inc. Increases Stock Position in SNDL Inc. (NASDAQ:SNDL)

Newman Dignan & Sheerar Inc. raised its position in shares of SNDL Inc. (NASDAQ:SNDL) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 64,420 shares of the company’s stock after buying an additional 10,000 shares during the quarter. Newman Dignan & Sheerar Inc.’s holdings in SNDL were worth $115,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SNDL. Tidal Investments LLC lifted its position in SNDL by 5.0% during the third quarter. Tidal Investments LLC now owns 6,510,961 shares of the company’s stock valued at $13,413,000 after buying an additional 311,642 shares during the period. RMR Capital Management LLC purchased a new position in SNDL during the third quarter valued at $103,000. Transform Wealth LLC purchased a new position in SNDL during the fourth quarter valued at $87,000. Vontobel Holding Ltd. lifted its position in SNDL by 38.7% during 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 during the period. Finally, SG Americas Securities LLC purchased a new position in SNDL during the third quarter valued at $33,000.

SNDL Price Performance

Shares of NASDAQ:SNDL opened at $1.86 on Friday. SNDL Inc. has a 1-year low of $1.31 and a 1-year high of $2.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 5.61 and a quick ratio of 4.16. The business has a fifty day moving average price of $1.81 and a 200-day moving average price of $1.96. The company has a market capitalization of $488.77 million, a PE ratio of -6.00 and a beta of 3.11.

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.