5 Best Hemp Stocks To Buy Now

2. The Scotts Miracle-Gro Company (NYSE:SMG)

Number of Hedge Fund Holders: 17    

The Scotts Miracle-Gro Company (NYSE:SMG) operates as a fertilizer and agricultural chemicals firm. On October 30, investment advisory Stifel maintained a Hold rating on The Scotts Miracle-Gro Company (NYSE:SMG) stock and lowered the price target to $49 from $55.

At the end of the third quarter of 2023, 17 hedge funds in the database of Insider Monkey held stakes worth $117 million in The Scotts Miracle-Gro Company (NYSE:SMG), compared to 28 the preceding quarter worth $126 million.

Among the hedge funds being tracked by Insider Monkey, London-based investment firm Marshall Wace LLP is a leading shareholder in The Scotts Miracle-Gro Company (NYSE:SMG) with 446,167 shares worth more than $23 million.