Jane Street Group LLC Buys 17,837 Shares of High Tide Inc. (NASDAQ:HITI)

Jane Street Group LLC raised its stake in High Tide Inc. (NASDAQ:HITI) by 50.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,089 shares of the company’s stock after acquiring an additional 17,837 shares during the period. Jane Street Group LLC owned approximately 0.07% of High Tide worth $163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. increased its holdings in shares of High Tide by 1,026.2% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 22,378 shares of the company’s stock worth $69,000 after buying an additional 20,391 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of High Tide in the 4th quarter worth about $146,000. Hillsdale Investment Management Inc. increased its holdings in shares of High Tide by 755.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 240,288 shares of the company’s stock worth $738,000 after buying an additional 212,197 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in High Tide during the 4th quarter valued at about $1,605,000. Finally, Renaissance Technologies LLC grew its holdings in High Tide by 142.4% during the 4th quarter. Renaissance Technologies LLC now owns 839,600 shares of the company’s stock valued at $2,594,000 after purchasing an additional 493,300 shares during the last quarter. 4.52% of the stock is currently owned by institutional investors.

High Tide Stock Performance

Shares of NASDAQ:HITI opened at $2.38 on Friday. The company has a market capitalization of $192.87 million, a price-to-earnings ratio of -79.33 and a beta of 0.52. High Tide Inc. has a 12 month low of $1.57 and a 12 month high of $3.62. The firm’s 50-day moving average is $2.23 and its 200 day moving average is $2.60. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 0.27.

High Tide (NASDAQ:HITI) last issued its earnings results on Friday, March 21st. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). High Tide had a negative return on equity of 2.93% and a negative net margin of 0.81%. The company had revenue of $100.25 million during the quarter, compared to the consensus estimate of $138.83 million. Research analysts predict that High Tide Inc. will post -0.04 EPS for the current year.

About High Tide

High Tide Inc engages in the cannabis retail business in Canada, the United States, and internationally. The company operates through Retail and Wholesale segments. It operates licensed retail cannabis stores; and provides data analytics services. In addition, the company manufactures and distributes consumption accessories.