Bayesian Capital Management LP purchased a new position in shares of Canopy Growth Co. (NASDAQ:CGC – Free Report) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 27,500 shares of the company’s stock, valued at approximately $75,000.
Other institutional investors have also added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new position in Canopy Growth during the fourth quarter valued at about $38,000. SBI Securities Co. Ltd. bought a new position in shares of Canopy Growth during the 4th quarter valued at approximately $587,000. Alberta Investment Management Corp purchased a new stake in shares of Canopy Growth during the 4th quarter worth approximately $264,000. OLD Mission Capital LLC lifted its stake in Canopy Growth by 41.6% in the fourth quarter. OLD Mission Capital LLC now owns 51,066 shares of the company’s stock valued at $140,000 after purchasing an additional 15,000 shares during the last quarter. Finally, Wealthfront Advisers LLC bought a new position in Canopy Growth during the fourth quarter valued at $381,000. 3.33% of the stock is owned by institutional investors.
Canopy Growth Stock Down 1.5 %
CGC stock opened at $1.32 on Friday. Canopy Growth Co. has a fifty-two week low of $0.77 and a fifty-two week high of $11.95. The stock has a fifty day moving average of $1.13 and a 200-day moving average of $2.36. The company has a market capitalization of $242.70 million, a price-to-earnings ratio of -0.35 and a beta of 0.79. 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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