SBI Securities Co. Ltd. purchased a new position in Canopy Growth Co. (NASDAQ:CGC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 214,250 shares of the company's stock, valued at approximately $587,000. SBI Securities Co. Ltd. owned 0.16% of Canopy Growth at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted 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 worth $26,000 after purchasing an additional 6,430 shares during the period. Concurrent Investment Advisors LLC boosted its position in shares of 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 period. Alberta Investment Management Corp purchased a new position in Canopy Growth during the fourth quarter valued at approximately $264,000. Apollon Wealth Management LLC bought a new stake in Canopy Growth during the 4th quarter worth approximately $38,000. Finally, Geode Capital Management LLC purchased a new stake in Canopy Growth in the 3rd quarter worth approximately $1,882,000. 3.33% of the stock is currently owned by institutional investors.
Canopy Growth Price Performance
NASDAQ CGC remained flat at $1.17 during trading on Friday. The company's stock had a trading volume of 6,347,424 shares, compared to its average volume of 8,469,987. The company has a market capitalization of $181.83 million, a PE ratio of -0.31 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.52 and a quick ratio of 2.58. The stock has a 50 day moving average of $2.09 and a two-hundred day moving average of $3.58. Canopy Growth Co. has a fifty-two week low of $1.14 and a fifty-two week high of $14.92.
Analyst Ratings Changes
Separately, Atb Cap Markets lowered shares of Canopy Growth from a "hold" rating to a "strong sell" rating in a research report on Monday, December 16th.
Check Out Our Latest Stock Report on Canopy Growth
Canopy Growth 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.
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