Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of GrowGeneration Corp. (NASDAQ:GRWG – Free Report) by 17.9% during the 4th quarter, HoldingsChannel reports. The fund owned 458,002 shares of the company’s stock after selling 100,125 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in GrowGeneration were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the stock. AdvisorNet Financial Inc boosted its stake in GrowGeneration by 96.2% in the 3rd quarter. AdvisorNet Financial Inc now owns 10,196 shares of the company’s stock worth $30,000 after purchasing an additional 5,000 shares during the period. Private Advisor Group LLC boosted its position in shares of GrowGeneration by 32.3% in the third quarter. Private Advisor Group LLC now owns 24,596 shares of the company’s stock valued at $72,000 after acquiring an additional 6,000 shares during the period. SG Americas Securities LLC purchased a new position in GrowGeneration during the fourth quarter valued at approximately $31,000. Cambria Investment Management L.P. increased its holdings in GrowGeneration by 62.5% during the 3rd quarter. Cambria Investment Management L.P. now owns 75,950 shares of the company’s stock worth $222,000 after acquiring an additional 29,225 shares during the period. Finally, Kinloch Capital LLC purchased a new stake in GrowGeneration in the 3rd quarter worth approximately $100,000. 36.02% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Oppenheimer cut shares of GrowGeneration from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 20th.
GrowGeneration Trading Up 7.1 %
Shares of GRWG opened at $2.26 on Tuesday. GrowGeneration Corp. has a 12-month low of $1.77 and a 12-month high of $5.00. The company has a market cap of $138.99 million, a PE ratio of -3.01 and a beta of 3.01. The stock has a 50-day moving average price of $2.32 and a 200-day moving average price of $2.39.
GrowGeneration (NASDAQ:GRWG – Get Free Report) last issued its quarterly earnings results on Wednesday, March 13th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.06). GrowGeneration had a negative return on equity of 15.60% and a negative net margin of 20.58%. The company had revenue of $49.45 million during the quarter, compared to the consensus estimate of $46.03 million. As a group, analysts predict that GrowGeneration Corp. will post -0.32 earnings per share for the current year.
About GrowGeneration
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.
See Also
- Five stocks we like better than GrowGeneration
- What Are Dividend Achievers? An Introduction
- It’s Time to Buy Into the Super Micro Computer Stock Implosion
- What Investors Need to Know to Beat the Market
- Merger or Not, Albertson’s Companies is a Good Buy
- 3 Grocery Stocks That Are Proving They Are Still Essential
- 3 Cheap Stocks That Shouldn’t Be So
Want to see what other hedge funds are holding GRWG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for GrowGeneration Corp. (NASDAQ:GRWG – Free Report).
Receive News & Ratings for GrowGeneration Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GrowGeneration and related companies with MarketBeat.com's FREE daily email newsletter.
