Aurora Cannabis Inc (ACB) Shares Bought by RPG Investment Advisory LLC
RPG Investment Advisory LLC lifted its stake in shares of Aurora Cannabis Inc (NYSE:ACB) by 195.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,475 shares of the company’s stock after acquiring an additional 3,625 shares during the quarter. RPG Investment Advisory LLC’s holdings in Aurora Cannabis were worth $50,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. ETF Managers Group LLC acquired a new position in shares of Aurora Cannabis during the fourth quarter valued at approximately $40,454,000. Norges Bank bought a new stake in Aurora Cannabis during the fourth quarter worth approximately $30,915,000. TD Asset Management Inc. bought a new stake in Aurora Cannabis during the fourth quarter worth approximately $16,657,000. JW Asset Management LLC bought a new stake in Aurora Cannabis during the fourth quarter worth approximately $10,734,000. Finally, D. E. Shaw & Co. Inc. bought a new stake in Aurora Cannabis during the fourth quarter worth approximately $10,504,000. Institutional investors and hedge funds own 8.66% of the company’s stock.
A number of brokerages recently weighed in on ACB. TheStreet upgraded shares of Aurora Cannabis from a “d+” rating to a “c” rating in a report on Thursday, April 4th. GMP Securities restated a “hold” rating and set a $9.50 target price on shares of Aurora Cannabis in a report on Tuesday, February 12th. ValuEngine upgraded shares of Aurora Cannabis from a “hold” rating to a “buy” rating in a report on Tuesday, March 19th. Cowen began coverage on shares of Aurora Cannabis in a report on Tuesday, March 5th. They set an “outperform” rating for the company. Finally, Seaport Global Securities began coverage on shares of Aurora Cannabis in a report on Thursday, February 21st. They set a “neutral” rating for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $9.50.
Aurora Cannabis (NYSE:ACB) last issued its earnings results on Monday, February 11th. The company reported ($0.04) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.02. The firm had revenue of $41.00 million during the quarter. Aurora Cannabis had a negative net margin of 57.54% and a positive return on equity of 3.95%. On average, sell-side analysts expect that Aurora Cannabis Inc will post -0.17 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “Aurora Cannabis Inc (ACB) Shares Bought by RPG Investment Advisory LLC” was first reported by Daily Political and is the property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2019/04/15/aurora-cannabis-inc-acb-shares-bought-by-rpg-investment-advisory-llc.html.
Aurora Cannabis Company Profile
Aurora Cannabis Inc produces and distributes medical cannabis products. It is vertically integrated and horizontally diversified across various segments of the cannabis value chain, from facility engineering and design to cannabis breeding, genetics research, production, derivatives, high value-add product development, home cultivation, wholesale, and retail distribution.
Recommended Story: Do closed-end mutual funds pay dividends?
Receive News & Ratings for Aurora Cannabis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aurora Cannabis and related companies with MarketBeat.com's FREE daily email newsletter.