OLD Mission Capital LLC Raises Position in Canopy Growth Co. (NASDAQ:CGC)

OLD Mission Capital LLC lifted its position in shares of Canopy Growth Co. (NASDAQ:CGC) by 41.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,066 shares of the company’s stock after acquiring an additional 15,000 shares during the period. OLD Mission Capital LLC’s holdings in Canopy Growth were worth $140,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CGC. Jones Financial Companies Lllp increased its holdings in shares of 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 in the last quarter. Apollon Wealth Management LLC purchased a new position in Canopy Growth in the 4th quarter worth about $38,000. Concurrent Investment Advisors LLC lifted its stake in Canopy Growth by 26.6% during the 4th 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. Centiva Capital LP purchased a new stake in shares of Canopy Growth during the 3rd quarter valued at about $257,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Canopy Growth in the fourth quarter worth approximately $264,000. 3.33% of the stock is currently owned by hedge funds and other institutional investors.

Canopy Growth Price Performance

NASDAQ CGC opened at $0.83 on Wednesday. The company has a quick ratio of 2.58, a current ratio of 3.52 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $131.36 million, a P/E ratio of -0.22 and a beta of 0.92. The company has a 50-day moving average price of $1.42 and a 200-day moving average price of $2.86. Canopy Growth Co. has a 52 week low of $0.81 and a 52 week high of $14.92.

Analyst Upgrades and Downgrades

Separately, Atb Cap Markets cut shares of Canopy Growth from a “hold” rating to a “strong sell” rating in a report on Monday, December 16th.

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.