SBI Securities Co. Ltd. bought a new stake in Canopy Growth Co. (NASDAQ:CGC – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 214,250 shares of the company’s stock, valued at approximately $587,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in Canopy Growth by 222.9% in the fourth quarter. Jones Financial Companies Lllp now owns 9,315 shares of the company’s stock valued at $26,000 after acquiring an additional 6,430 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Canopy Growth by 26.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 24,644 shares of the company’s stock valued at $68,000 after acquiring an additional 5,172 shares during the last quarter. Alberta Investment Management Corp bought a new stake in Canopy Growth in the fourth quarter valued at approximately $264,000. Apollon Wealth Management LLC bought a new stake in Canopy Growth in the fourth quarter valued at approximately $38,000. Finally, Geode Capital Management LLC bought a new stake in Canopy Growth in the third quarter valued at approximately $1,882,000. 3.33% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Atb Cap Markets cut Canopy Growth from a “hold” rating to a “strong sell” rating in a report on Monday, December 16th.
Canopy Growth Price Performance
Canopy Growth stock opened at $1.25 on Wednesday. The stock has a market capitalization of $194.27 million, a price-to-earnings ratio of -0.33 and a beta of 0.86. Canopy Growth Co. has a 52-week low of $1.18 and a 52-week high of $14.92. The stock’s 50 day moving average price is $2.16 and its two-hundred day moving average price is $3.62. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.58 and a current ratio of 3.52.
Canopy Growth Company Profile
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.
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