Renaissance Technologies LLC Grows Stock Holdings in High Tide Inc. (NASDAQ:HITI)

Renaissance Technologies LLC lifted its position in shares of High Tide Inc. (NASDAQ:HITI - Free Report) by 142.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 839,600 shares of the company's stock after purchasing an additional 493,300 shares during the quarter. Renaissance Technologies LLC owned 1.04% of High Tide worth $2,594,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Benin Management CORP raised its position in High Tide by 100.0% in the 4th quarter. Benin Management CORP now owns 20,000 shares of the company's stock valued at $62,000 after buying an additional 10,000 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its position in shares of High Tide by 1,026.2% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company's stock valued at $69,000 after purchasing an additional 20,391 shares in the last quarter. Jane Street Group LLC boosted its holdings in High Tide by 58.8% during the third quarter. Jane Street Group LLC now owns 35,252 shares of the company's stock worth $72,000 after purchasing an additional 13,052 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in High Tide during the fourth quarter worth about $146,000. Finally, Chicago Partners Investment Group LLC bought a new stake in High Tide in the 4th quarter worth about $451,000. 4.52% of the stock is currently owned by institutional investors.

High Tide Stock Down 0.4 %

NASDAQ:HITI traded down $0.01 on Wednesday, hitting $2.41. The stock had a trading volume of 317,630 shares, compared to its average volume of 630,703. High Tide Inc. has a 1 year low of $1.57 and a 1 year high of $3.62. The firm's fifty day simple moving average is $2.20 and its two-hundred day simple moving average is $2.67. The stock has a market cap of $195.06 million, a P/E ratio of -80.33 and a beta of 0.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.92 and a current ratio of 1.40.

High Tide (NASDAQ:HITI - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $138.83 million. High Tide had a negative return on equity of 2.93% and a negative net margin of 0.81%. Analysts predict 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.