The largest institutional shareholder in GDI, Montreal asset manager Fiera Capital has just substantially increased the number of shares it holds in the Montreal company specializing in building maintenance.
Fiera has just declared in a document filed with the stock exchange authorities that it started the month of December with the equivalent of a 12.9% stake in GDI.
This is an increase of 2.6% from what Fiera held in GDI a year ago.
The purchases of GDI shares made by Fiera requiring this declaration to the authorities occurred on November 30.
Fiera had raised its stake to over 10% in GDI exactly one year ago.
National Bank Financial lined up behind on Tuesday Richelieu Hardware. Zachary Evershed becomes the only analyst to suggest buying the title of Montreal distributor of home improvement and decoration products. He now recommends buying noting that the stock has fallen more than 10% in the past month, much more than the drop in comparable stocks and even the market as a whole, which makes the stock rather attractive.
Experts from CIBC Capital Markets suggested earlier this week a list of 52 stocks that bargain hunters should be keeping an eye on on the Toronto Stock Exchange. Six Quebec titles are on this list: Air Canada, Boralex, Transcontinental, Saputo, Innergex and Waterfalls. CIBC notes that some investors sell securities at year-end for tax purposes and that it may be appropriate to buy securities with good fundamentals of value creation, but which are at or near bottom. their lowest level in 52 weeks.
With only three trading sessions before the end of the month and the year, Nuvei is the Quebec title positioned to record the largest decline in December on the Toronto Stock Exchange. The share of the Montreal provider of electronic payment solutions remains down 35% since the start of the month.
IntelGenx (- 23%), PyroGenesis (- 22%), Lightspeed (- 19%) and Neptune (- 15%) also posted significant declines so far in December. Among the winners of the last month of 2021, we highlight Bellus Health (+ 32%), Bausch Health (+ 18%), H2O Innovation (+ 15%), Dollarama (+ 14%) and Couche-Tard (+ 12%).
Desjardins Securities unveiled at the beginning of the week the list of its 30 favorite securities for 2022. Eight Quebec securities have sneaked in: Héroux-Devtek, Couche-Tard, Boralex, CGI, H2O Innovation, Dollarama, TFI and Aya Gold & Silver. Only two of those titles weren’t on this list a year ago. CGI and Dollarama come to replace Neptune and Gildan.
Desjardins’ favorite titles highlight companies with the best growth prospects or likely to benefit from the greatest number of development catalysts over the next year.
A member of the board of directors of CGI just bought a little over half a million dollars from the Montreal computer services company. Gilles Labbé bought a total of 5,000 shares on December 16.
The Quebec titles ofCouche-Tard Food and Dollarama hit another 52-week high in Toronto this week. At the opposite, Air Canada, Waterfalls, Deckchair, Stella-Jones, Quebecor, Taiga, Neptune, Xebec and Hexo just hit a new low in the past 52 weeks.
An administrator of Lassonde bought the Rougemont fruit juice producer for more than $ 40,000 on December 14. Pierre Lessard bought 300 shares at a unit price of $ 143. Lassonde stock has rebounded recently, but remains down more than 20% since its peak last spring.
The next two trading weeks will be shortened in Canada. The Toronto Stock Exchange will remain closed tomorrow and Tuesday as well as Monday, January 3. The US markets will be open at regular hours every day.
This section is taking a break for the holiday season. Back in January.