Two Sigma Investments LP boosted its stake in shares of High Tide Inc. (NASDAQ:HITI - Free Report) by 146.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 311,304 shares of the company's stock after acquiring an additional 184,780 shares during the quarter. Two Sigma Investments LP owned 0.38% of High Tide worth $962,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. lifted its position in shares of High Tide by 1,026.2% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company's stock valued at $69,000 after buying an additional 20,391 shares in the last quarter. Bank of America Corp DE acquired a new position in High Tide during the fourth quarter worth about $72,000. SBI Securities Co. Ltd. purchased a new position in High Tide in the 4th quarter worth approximately $146,000. Lazard Asset Management LLC boosted its stake in High Tide by 8,334.5% during the fourth quarter. Lazard Asset Management LLC now owns 51,535 shares of the company's stock worth $159,000 after buying an additional 50,924 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of High Tide by 50.6% in the fourth quarter. Jane Street Group LLC now owns 53,089 shares of the company's stock valued at $163,000 after purchasing an additional 17,837 shares during the period. 4.52% of the stock is owned by institutional investors and hedge funds.
High Tide Trading Up 1.7%
NASDAQ:HITI traded up $0.04 on Friday, hitting $2.38. The stock had a trading volume of 206,380 shares, compared to its average volume of 594,055. The company has a fifty day moving average price of $2.23 and a two-hundred day moving average price of $2.60. High Tide Inc. has a 1-year low of $1.57 and a 1-year high of $3.62. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 0.27. The stock has a market cap of $192.87 million, a price-to-earnings ratio of -79.33 and a beta of 0.52.
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 analyst estimates of $138.83 million. High Tide had a negative net margin of 0.81% and a negative return on equity of 2.93%. Equities research analysts expect that High Tide Inc. will post -0.04 earnings per share for the current fiscal year.
About High Tide
(
Free Report)
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.
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