Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) Stock Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in Hydrofarm Holdings Group, Inc. (NASDAQ:HYFM) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 475,634 shares of the company’s stock after buying an additional 26,350 shares during the period. Geode Capital Management LLC owned approximately 1.03% of Hydrofarm Holdings Group worth $328,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in shares of Hydrofarm Holdings Group by 6.7% in the second quarter. Renaissance Technologies LLC now owns 730,600 shares of the company’s stock valued at $504,000 after buying an additional 45,800 shares in the last quarter. Jane Street Group LLC raised its stake in Hydrofarm Holdings Group by 82.2% during the 3rd quarter. Jane Street Group LLC now owns 45,115 shares of the company’s stock valued at $31,000 after purchasing an additional 20,357 shares during the period. Finally, XTX Topco Ltd raised its stake in Hydrofarm Holdings Group by 80.3% during the 3rd quarter. XTX Topco Ltd now owns 42,982 shares of the company’s stock valued at $30,000 after purchasing an additional 19,147 shares during the period. Institutional investors own 26.61% of the company’s stock.

Hydrofarm Holdings Group Price Performance

Shares of NASDAQ:HYFM opened at $0.59 on Tuesday. The company’s fifty day moving average is $0.65 and its two-hundred day moving average is $0.64. The company has a quick ratio of 1.41, a current ratio of 3.24 and a debt-to-equity ratio of 0.51. Hydrofarm Holdings Group, Inc. has a 12-month low of $0.43 and a 12-month high of $1.20. The company has a market cap of $27.12 million, a P/E ratio of -0.42 and a beta of 1.97.

About Hydrofarm Holdings Group

Hydrofarm Holdings Group, Inc, together with its subsidiaries, manufactures and distributes controlled environment agriculture (CEA) equipment and supplies in the United States and Canada. The company provides agricultural lighting devices, indoor climate control equipment, and nutrients, as well as plant additives used to grow, farm, and cultivate cannabis, flowers, fruits, plants, vegetables, grains, and herbs in controlled environment.