High Tide Inc. (NASDAQ:HITI) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in High Tide Inc. (NASDAQ:HITI - Free Report) by 142.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 839,600 shares of the company's stock after purchasing an additional 493,300 shares during the period. Renaissance Technologies LLC owned 1.04% of High Tide worth $2,594,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of High Tide during the fourth quarter valued at $1,605,000. Hillsdale Investment Management Inc. lifted its position in 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 acquiring an additional 212,197 shares during the period. Northwest & Ethical Investments L.P. lifted its position in 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 during the period. SBI Securities Co. Ltd. purchased a new stake in High Tide during the fourth quarter worth $146,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in High Tide in the 4th quarter valued at $451,000. 4.52% of the stock is owned by institutional investors.

High Tide Price Performance

NASDAQ HITI traded down $0.01 during trading hours on Monday, hitting $2.38. 536,421 shares of the company's stock traded hands, compared to its average volume of 639,256. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 0.92. The firm's 50-day moving average is $2.21 and its 200-day moving average is $2.68. High Tide Inc. has a 52-week low of $1.57 and a 52-week high of $3.62. The company has a market capitalization of $192.63 million, a PE ratio of -79.33 and a beta of 0.61.

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