Barclays PLC Makes New $3.21 Million Investment in HEXO Corp. (NASDAQ:HEXO)

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Barclays PLC acquired a new position in shares of HEXO Corp. (NASDAQ:HEXO) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 811,346 shares of the company’s stock, valued at approximately $3,213,000. Barclays PLC owned about 0.32% of HEXO at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Penserra Capital Management LLC bought a new stake in HEXO during the third quarter worth approximately $148,000. USA Mutuals Advisors Inc. bought a new stake in HEXO during the third quarter worth approximately $592,000. Signition LP increased its stake in HEXO by 56.1% during the third quarter. Signition LP now owns 49,000 shares of the company’s stock worth $194,000 after acquiring an additional 17,600 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in HEXO by 90.9% during the third quarter. Tower Research Capital LLC TRC now owns 36,640 shares of the company’s stock worth $144,000 after acquiring an additional 17,446 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in HEXO during the third quarter worth approximately $27,000.

Several equities research analysts have weighed in on HEXO shares. Canaccord Genuity cut HEXO from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. MKM Partners assumed coverage on HEXO in a research note on Friday, September 20th. They set a “buy” rating and a $12.00 target price on the stock. Beacon Securities cut HEXO from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Seaport Global Securities cut HEXO from a “buy” rating to a “neutral” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group raised HEXO from an “underperform” rating to a “hold” rating in a research note on Friday, October 11th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.52.

HEXO opened at $2.13 on Tuesday. The stock’s 50 day moving average price is $2.25 and its 200-day moving average price is $4.26. HEXO Corp. has a one year low of $1.56 and a one year high of $8.40.

HEXO (NASDAQ:HEXO) last released its earnings results on Monday, October 28th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.06). The firm had revenue of $11.79 million during the quarter, compared to analysts’ expectations of $11.31 million.

HEXO Profile

HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names.

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Institutional Ownership by Quarter for HEXO (NASDAQ:HEXO)

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