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High Tide Inc V.HITI

Alternate Symbol(s):  HITI

High Tide Inc. is a retail-focused cannabis company. Its segments include Bricks-and-mortar and E-commerce. Bricks-and-mortar operations includes the Canadian bricks-and-mortar locations, inclusive of the Canadian warehouse which supports the distribution of accessories and other items to the Canadian stores. Its E-commerce operations include the Company’s United States and international subsidiaries, inclusive of the United States warehouse which supports the distribution of accessories and other items to the United Sates and international subsidiaries. Bricks-and-mortar sales are conducted under the Company’s Canna Cabana brand, CBD product sales are conducted online under the FABCBD, Blessed CBD and NuLeaf brands, and online sales through e-commerce platforms are conducted under the Company’s Grasscity, Smoke Cartel, Daily High Club and Dankstop brands. Its brand Queen of Bud sells products across Canada both direct to consumers and through third-party licensed cannabis stores.


TSXV:HITI - Post by User

Post by thebeston Dec 05, 2021 10:39pm
262 Views
Post# 34200918

hiti share sold by belvedere trading

hiti share sold by belvedere trading

High Tide Inc. (NASDAQ:HITI) Shares Sold by Belvedere Trading LLC

 

Belvedere Trading LLC lessened its stake in shares of High Tide Inc. (NASDAQ:HITI) by 38.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,545 shares of the company’s stock after selling 10,736 shares during the quarter. Belvedere Trading LLC’s holdings in High Tide were worth $102,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada acquired a new position in shares of High Tide during the second quarter valued at approximately $38,000. Morgan Stanley acquired a new position in shares of High Tide during the second quarter valued at approximately $69,000. Creative Planning bought a new stake in High Tide during the second quarter worth approximately $98,000. Bank of Montreal Can acquired a new position in High Tide in the 2nd quarter worth approximately $132,000. Finally, CIBC World Markets Inc. acquired a new position in High Tide in the 2nd quarter worth approximately $152,000.

 
 

NASDAQ HITI opened at $5.44 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $6.30. High Tide Inc. has a 52-week low of $1.93 and a 52-week high of $13.29.

 

High Tide (NASDAQ:HITI) last posted its quarterly earnings results on Tuesday, September 14th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.12). High Tide had a negative return on equity of 32.36% and a negative net margin of 21.02%. Research analysts forecast that High Tide Inc. will post -0.5 EPS for the current fiscal year.

 

A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of High Tide from a “hold” rating to a “sell” rating in a research report on Tuesday, November 16th. Roth Capital began coverage on shares of High Tide in a report on Monday, September 13th. They set a “buy” rating and a $12.00 price target on the stock. Cantor Fitzgerald began coverage on shares of High Tide in a report on Monday, November 22nd. They issued a “neutral” rating and a $8.75 target price on the stock. Desjardins dropped their target price on shares of High Tide from C$15.00 to C$13.50 and set a “buy” rating on the stock in a report on Friday, October 22nd. Finally, Echelon Wealth Partners reiterated a “speculative buy” rating on shares of High Tide in a report on Thursday, October 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.56.

About High Tide

High Tide Inc operates as a vertically-integrated company in the cannabis market in Canada, the United States, and internationally. It engages in the design, manufacture, and distribution of smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores.

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Institutional Ownership by Quarter for High Tide (NASDAQ:HITI)

 

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