TD Asset Management Inc. Raises Stock Holdings in HEXO TD Asset Management Inc. boosted its stake in HEXO Corp. (NYSE:HEXO) by 22.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 140,224 shares of the company’s stock after buying an additional 25,509 shares during the period. TD Asset Management Inc.’s holdings in HEXO were worth $257,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Albar Capital Ltd purchased a new stake in HEXO in the 2nd quarter valued at about $5,220,000. Kylin Management LLC purchased a new stake in HEXO during the second quarter worth about $5,220,000. Morgan Stanley increased its stake in HEXO by 73.2% during the second quarter. Morgan Stanley now owns 739,415 shares of the company’s stock worth $4,288,000 after purchasing an additional 312,520 shares during the period. Bank of America Corp DE increased its stake in HEXO by 16.6% during the second quarter. Bank of America Corp DE now owns 679,241 shares of the company’s stock worth $3,940,000 after purchasing an additional 96,765 shares during the period. Finally, Swiss National Bank increased its stake in HEXO by 45.2% during the third quarter. Swiss National Bank now owns 446,200 shares of the company’s stock worth $813,000 after purchasing an additional 138,900 shares during the period. Hedge funds and other institutional investors own 15.52% of the company’s stock.
Four analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.31.
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