Wealthfront Advisers LLC bought a new position in Canopy Growth Co. (NASDAQ:CGC – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund bought 139,177 shares of the company’s stock, valued at approximately $381,000.
A number of other large investors have also added to or reduced their stakes in CGC. Geode Capital Management LLC bought a new stake in Canopy Growth in the 3rd quarter worth approximately $1,882,000. SBI Securities Co. Ltd. purchased a new position in shares of Canopy Growth during the 4th quarter worth $587,000. Alberta Investment Management Corp purchased a new position in shares of Canopy Growth during the 4th quarter worth $264,000. Centiva Capital LP purchased a new position in shares of Canopy Growth during the 3rd quarter worth $257,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of Canopy Growth during the 4th quarter worth $38,000. Institutional investors own 3.33% of the company’s stock.
Canopy Growth Trading Up 4.8 %
Shares of Canopy Growth stock opened at $1.10 on Monday. The company’s fifty day simple moving average is $1.89 and its 200-day simple moving average is $3.34. The stock has a market capitalization of $174.48 million, a PE ratio of -0.29 and a beta of 0.87. Canopy Growth Co. has a 1-year low of $1.05 and a 1-year high of $14.92. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.52 and a quick ratio of 2.58.
Analyst Ratings Changes
About Canopy Growth
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.
Featured Stories
- Five stocks we like better than Canopy Growth
- What Is WallStreetBets and What Stocks Are They Targeting?
- How to Build the Ultimate Everything ETF Portfolio
- Golden Cross Stocks: Pattern, Examples and Charts
- Dutch Bros or Starbucks: Which Coffee Stock Has More Growth?
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- 3 Stocks With High ROE and Market-Beating Growth Potential
Want to see what other hedge funds are holding CGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canopy Growth Co. (NASDAQ:CGC – Free Report).
Receive News & Ratings for Canopy Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canopy Growth and related companies with MarketBeat.com's FREE daily email newsletter.