Centiva Capital LP Takes $257,000 Position in Canopy Growth Co. (NASDAQ:CGC)

Centiva Capital LP purchased a new stake in shares of Canopy Growth Co. (NASDAQ:CGC) during the third quarter, HoldingsChannel reports. The institutional investor purchased 53,271 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CGC. PFG Investments LLC acquired a new position in shares of Canopy Growth during the third quarter worth $54,000. Financial Advocates Investment Management acquired a new position in shares of Canopy Growth in the 3rd quarter worth approximately $57,000. CIBC Asset Management Inc bought a new position in shares of Canopy Growth in the 2nd quarter worth about $91,000. Vontobel Holding Ltd. acquired a new position in Canopy Growth in the third quarter valued at approximately $92,000. Finally, Insigneo Advisory Services LLC acquired a new position in Canopy Growth during the 2nd quarter valued at approximately $96,000. Institutional investors and hedge funds own 3.33% of the company’s stock.

Canopy Growth Stock Down 5.7 %

Canopy Growth stock opened at $3.28 on Thursday. The firm has a market capitalization of $394.01 million, a P/E ratio of -0.67 and a beta of 0.83. The company has a 50-day simple moving average of $4.23 and a 200-day simple moving average of $5.64. Canopy Growth Co. has a one year low of $2.76 and a one year high of $14.92. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.07 and a current ratio of 1.39.

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.