Intact Investment Management Inc. decreased its holdings in HEXO Corp. (NYSE:HEXO) by 26.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 237,800 shares of the company’s stock after selling 87,700 shares during the quarter. Intact Investment Management Inc. owned 0.16% of HEXO worth $1,693,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Commonwealth Equity Services LLC grew its position in HEXO by 7.4% in the first quarter. Commonwealth Equity Services LLC now owns 23,537 shares of the company’s stock worth $152,000 after buying an additional 1,620 shares during the last quarter. AdvisorShares Investments LLC grew its position in HEXO by 9.0% during the 1st quarter. AdvisorShares Investments LLC now owns 61,544 shares of the company’s stock worth $399,000 after purchasing an additional 5,086 shares in the last quarter. North Star Investment Management Corp. grew its position in HEXO by 246.4% during the 2nd quarter. North Star Investment Management Corp. now owns 8,660 shares of the company’s stock worth $50,000 after purchasing an additional 6,160 shares in the last quarter. Quantbot Technologies LP purchased a new position in HEXO during the 1st quarter worth approximately $42,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in HEXO by 67.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 20,416 shares of the company’s stock worth $118,000 after purchasing an additional 8,246 shares in the last quarter. Hedge funds and other institutional investors own 23.31% of the company’s stock.
Shares of NYSE:HEXO opened at $1.91 on Monday. The firm has a fifty day moving average of $3.03 and a two-hundred day moving average of $5.09. The firm has a market capitalization of $291.70 million, a P/E ratio of -1.26 and a beta of 1.01. HEXO Corp. has a 12-month low of $1.86 and a 12-month high of $11.04. The company has a quick ratio of 2.11, a current ratio of 3.61 and a debt-to-equity ratio of 0.10.
HEXO Corp. is a consumer packaged goods cannabis company, which creates and distributes products to serve the global cannabis market. It serves the Canadian adult-use markets under its HEXO Cannabis, Up Cannabis and Original Stash brands, and the medical market under HEXO medical cannabis. The company was founded by Sébastien St.
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