Tidal Investments LLC boosted its stake in Canopy Growth Co. (NASDAQ:CGC - Free Report) by 12.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,263,873 shares of the company's stock after acquiring an additional 251,659 shares during the quarter. Tidal Investments LLC owned 1.74% of Canopy Growth worth $6,203,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC increased its stake in Canopy Growth by 26.6% in the 4th quarter. Concurrent Investment Advisors LLC now owns 24,644 shares of the company's stock valued at $68,000 after buying an additional 5,172 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Canopy Growth by 222.9% in the 4th quarter. Jones Financial Companies Lllp now owns 9,315 shares of the company's stock valued at $26,000 after buying an additional 6,430 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in Canopy Growth in the 4th quarter valued at $38,000. OLD Mission Capital LLC increased its stake in Canopy Growth by 41.6% in the 4th quarter. OLD Mission Capital LLC now owns 51,066 shares of the company's stock valued at $140,000 after buying an additional 15,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in shares of Canopy Growth during the 4th quarter worth about $41,000. 3.33% of the stock is owned by institutional investors.
Canopy Growth Stock Performance
Shares of Canopy Growth stock traded down $0.10 during trading on Friday, hitting $1.83. 8,142,476 shares of the stock were exchanged, compared to its average volume of 5,823,642. The stock has a market capitalization of $336.47 million, a price-to-earnings ratio of -0.48 and a beta of 0.79. The company has a fifty day moving average price of $1.23 and a 200-day moving average price of $2.10. Canopy Growth Co. has a 1-year low of $0.77 and a 1-year high of $10.04. The company has a current ratio of 3.52, a quick ratio of 2.58 and a debt-to-equity ratio of 0.74.
Canopy Growth Company Profile
(
Free Report)
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.
Read More
Before you consider Canopy Growth, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canopy Growth wasn't on the list.
While Canopy Growth currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
