One of Dollarama’s largest institutional shareholders has just sold a little over $ 55 million in shares of the Montreal-based discount retailer.
Fidelity told the stock market authorities on Tuesday that it had sold just over 1 million shares of Dollarama. The asset manager specifies that he now owns a 9.58% stake in Dollarama.
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The two main patrons of Lightspeed this week bought large blocks of shares from the Montreal provider of cloud solutions for retailers. Founder and CEO Dax Dasilva on Tuesday bought $ 2.3 million in shares. For his part, President Jean-Paul Chauvet bought some on Friday for just over half a million dollars.
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Boyko Investment Limited Partnership on Friday bought nearly $ 1.5 million in shares of Stingray with the acquisition of 200,000 shares at a unit price of $ 7.20.
A member of the board of directors of Stingray for his part bought Thursday for 1.4 million dollars of shares of the Montreal provider of services of music. Pascal Tremblay bought a block of 200,000 shares on Thursday. He paid a unit price of $ 7.
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Alithya won the support of Desjardins Securities on Friday. Analyst Kevin Krishnaratne now suggests buying the title of the Quebec company specializing in the digital transformation of organizations. He points out that Alithya just exceeded revenue expectations for the third quarter in a row and that organic growth is advancing at an interesting pace. Considering recent performance and increasing valuation multiples in the sector, he is re-calculating and adjusting his recommendation.
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While the action ofHexo recently depreciated, the chairman of the board of directors of the Gatineau cannabis producer has just bought approximately $ 260,000 in shares of the company. Michael Munzar bought the 1er November a block of 150,000 shares at a unit price of $ 1.73.
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The Caisse de dépôt et placement du Québec revealed to regulatory authorities on Wednesday that it had bought during the October 8 trading session a block of shares of CGI worth more than half a million dollars. The purchase that day of 4,850 shares in the Montreal technology services company brings the Caisse’s stake in CGI to 12.52%.
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Maintaining a high level of cash flow is contrary to the philosophy of a long-term investor and is tantamount to attempting to market timing or trying to anticipate short-term market movements, argues the Chief Investment Officer at Cote 100.
“In the long term, such a method is counterproductive”, specifies Philippe Le Blanc, in a post he has just written for his clients.
“Anyone who keeps 5 to 10% of their portfolio permanently or over several years cash in inexorably reduces their returns. No matter how valued the markets are, there will always be opportunities to buy quality securities at a reasonable price. ”
Rating 100 targets portfolios made up roughly equally of “defensive” and “growth” stocks. These “defensive” titles (such as Metro Where Berkshire Hathaway) typically resist any corrections better, underlines Philippe Le Blanc.
“If an opportunity arose, we would be able to sell some or all of these securities to buy another security that we found more attractive. In the past year, Cote 100 says it has increased its investments in certain more defensive stocks with a view to redirecting their overweightings to possible opportunities.
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Quebec titles from Supremex, Uni-Select, CAE, Gildan, National Bank and WSP hit a 52-week high in Toronto this week. In contrast, those of Goodfood Market and of Neptune just hit a new low in the past 52 weeks.
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Three members of the board of directors of Theratechnologies have just bought more than $ 110,000 in shares of the Montreal pharmaceutical. Dale Weil, Alain Trudeau and Joseph Arena bought a total of 25,640 shares between October 15 and October 22.