Budros Ruhlin & Roe Inc. Makes New $29,000 Investment in Sundial Growers Inc. (NASDAQ:SNDL)

Budros Ruhlin & Roe Inc. bought a new stake in shares of Sundial Growers Inc. (NASDAQ:SNDL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,575 shares of the company’s stock, valued at approximately $29,000.

Several other large investors have also made changes to their positions in SNDL. GSA Capital Partners LLP purchased a new position in shares of Sundial Growers during the fourth quarter valued at approximately $57,000. Scotia Capital Inc. boosted its position in shares of Sundial Growers by 6.5% during the fourth quarter. Scotia Capital Inc. now owns 243,787 shares of the company’s stock valued at $115,000 after buying an additional 14,903 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Sundial Growers during the fourth quarter valued at approximately $159,000. Jane Street Group LLC purchased a new position in shares of Sundial Growers during the fourth quarter valued at approximately $386,000. Finally, Firethorn Wealth Partners LLC purchased a new position in shares of Sundial Growers during the fourth quarter valued at approximately $140,000. Institutional investors and hedge funds own 4.16% of the company’s stock.

Sundial Growers stock opened at $1.03 on Friday. The business’s fifty day moving average is $0.90. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -1.06 and a beta of 6.25. Sundial Growers Inc. has a twelve month low of $0.14 and a twelve month high of $3.96.

Sundial Growers (NASDAQ:SNDL) last posted its earnings results on Thursday, March 18th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $10.63 million for the quarter, compared to analysts’ expectations of $10.07 million. Sundial Growers had a negative return on equity of 52.96% and a negative net margin of 591.62%. On average, equities research analysts predict that Sundial Growers Inc. will post 0.03 EPS for the current year.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Sundial Growers from a “sell” rating to a “hold” rating in a report on Thursday, May 13th. Canaccord Genuity upgraded Sundial Growers from a “sell” rating to a “hold” rating in a report on Thursday, May 13th. BMO Capital Markets reiterated an “underperform” rating and issued a $0.40 price target on shares of Sundial Growers in a report on Tuesday, March 16th. Finally, Cantor Fitzgerald assumed coverage on Sundial Growers in a report on Wednesday, March 10th. They issued a “neutral” rating and a $1.15 price target for the company. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Sundial Growers presently has an average rating of “Hold” and an average target price of $0.80.

About Sundial Growers

Sundial Growers Inc engages in production and marketing of cannabis products for the adult-use market in Canada. It produces and distributes inhalable products, such as flower, pre-rolls, and vapes. The company offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands.

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Institutional Ownership by Quarter for Sundial Growers (NASDAQ:SNDL)

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