High Tide Inc. (NASDAQ:HITI) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP lifted its stake in shares of High Tide Inc. (NASDAQ:HITI - Free Report) by 146.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 311,304 shares of the company's stock after buying an additional 184,780 shares during the quarter. Two Sigma Investments LP owned approximately 0.38% of High Tide worth $962,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in High Tide by 142.4% in the fourth quarter. Renaissance Technologies LLC now owns 839,600 shares of the company's stock worth $2,594,000 after acquiring an additional 493,300 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of High Tide in the 4th quarter valued at $1,605,000. Hillsdale Investment Management Inc. lifted its position in shares of High Tide by 755.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 240,288 shares of the company's stock worth $738,000 after purchasing an additional 212,197 shares during the last quarter. State of Wyoming purchased a new stake in shares of High Tide during the 4th quarter worth $481,000. Finally, Jane Street Group LLC grew its stake in shares of High Tide by 50.6% during the fourth quarter. Jane Street Group LLC now owns 53,089 shares of the company's stock worth $163,000 after purchasing an additional 17,837 shares in the last quarter. 4.52% of the stock is currently owned by hedge funds and other institutional investors.

High Tide Stock Down 1.7%

NASDAQ:HITI traded down $0.04 during trading hours on Tuesday, hitting $2.32. The company's stock had a trading volume of 197,668 shares, compared to its average volume of 592,011. High Tide Inc. has a 52-week low of $1.57 and a 52-week high of $3.62. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $188.00 million, a P/E ratio of -77.33 and a beta of 0.52. The stock has a fifty day moving average of $2.25 and a 200-day moving average of $2.59.

High Tide (NASDAQ:HITI - Get Free Report) last released its quarterly earnings data on Friday, March 21st. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The business had revenue of $100.25 million during the quarter, compared to analysts' expectations of $138.83 million. High Tide had a negative net margin of 0.81% and a negative return on equity of 2.93%. On average, equities analysts forecast that High Tide Inc. will post -0.04 earnings per share for the current year.

About High Tide

High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.