Wealth Enhancement Advisory Services LLC Trims Stock Position in Canopy Growth Co. (NASDAQ:CGC)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Canopy Growth Co. (NASDAQ:CGC) by 24.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,679 shares of the company’s stock after selling 6,031 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Canopy Growth were worth $90,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. PFG Investments LLC acquired a new stake in Canopy Growth during the 3rd quarter valued at $54,000. CIBC Asset Management Inc purchased a new position in shares of Canopy Growth during the 2nd quarter worth $91,000. Vontobel Holding Ltd. purchased a new position in shares of Canopy Growth during the 3rd quarter worth $92,000. Insigneo Advisory Services LLC purchased a new position in shares of Canopy Growth in the 2nd quarter worth $96,000. Finally, Genesee Capital Advisors LLC raised its position in shares of Canopy Growth by 15.3% in the 2nd quarter. Genesee Capital Advisors LLC now owns 15,047 shares of the company’s stock worth $97,000 after buying an additional 2,000 shares during the period. 3.33% of the stock is owned by hedge funds and other institutional investors.

Canopy Growth Price Performance

Shares of CGC opened at $3.94 on Thursday. The stock’s fifty day simple moving average is $4.62 and its 200 day simple moving average is $6.54. The company has a quick ratio of 1.64, a current ratio of 1.39 and a debt-to-equity ratio of 0.82. Canopy Growth Co. has a twelve month low of $2.76 and a twelve month high of $14.92.

Canopy Growth 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.