Aurora Cannabis Inc (NYSE:ACB) Shares Bought by BerganKDV Wealth Management LLC

BerganKDV Wealth Management LLC boosted its stake in shares of Aurora Cannabis Inc (NYSE:ACB) by 735.7% during the second quarter, …

Aurora Cannabis logoBerganKDV Wealth Management LLC boosted its stake in shares of Aurora Cannabis Inc (NYSE:ACB) by 735.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,633 shares of the company’s stock after buying an additional 7,600 shares during the period. BerganKDV Wealth Management LLC’s holdings in Aurora Cannabis were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ACB. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Aurora Cannabis by 158.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,302,496 shares of the company’s stock worth $20,837,000 after buying an additional 1,410,446 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Aurora Cannabis by 56.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,609,856 shares of the company’s stock valued at $22,680,000 after purchasing an additional 946,887 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Aurora Cannabis by 114.8% in the 2nd quarter. Renaissance Technologies LLC now owns 1,693,900 shares of the company’s stock valued at $13,271,000 after purchasing an additional 905,305 shares during the last quarter. Hilton Capital Management LLC acquired a new position in shares of Aurora Cannabis in the 1st quarter valued at $4,478,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Aurora Cannabis by 98.2% in the 2nd quarter. Janus Henderson Group PLC now owns 727,520 shares of the company’s stock valued at $5,711,000 after purchasing an additional 360,390 shares during the last quarter. 9.11% of the stock is currently owned by institutional investors.

Shares of Aurora Cannabis stock opened at $6.08 on Friday. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 0.10. The firm has a market cap of $5.98 billion, a PE ratio of 58.60 and a beta of 2.47. Aurora Cannabis Inc has a 52 week low of $4.58 and a 52 week high of $12.52. The business’s fifty day simple moving average is $6.13 and its 200-day simple moving average is $7.69.

Several equities analysts have recently commented on ACB shares. Compass Point started coverage on Aurora Cannabis in a research note on Monday, July 8th. They issued a “neutral” rating on the stock. LADENBURG THALM/SH SH started coverage on Aurora Cannabis in a research note on Wednesday, July 17th. They issued a “buy” rating and a $9.00 price target on the stock. Stifel Nicolaus started coverage on Aurora Cannabis in a research note on Wednesday, June 5th. They issued a “hold” rating on the stock. Bank of America lowered Aurora Cannabis from a “buy” rating to a “neutral” rating and set a $7.30 price target on the stock. in a research note on Thursday, July 18th. Finally, Piper Jaffray Companies started coverage on Aurora Cannabis in a research note on Monday, August 12th. They issued a “neutral” rating and a $7.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $8.23.

About Aurora Cannabis

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.

Further Reading: If I purchase shares through a brokerage account, am I the holder of record?

Want to see what other hedge funds are holding ACB?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aurora Cannabis Inc (NYSE:ACB).

Institutional Ownership by Quarter for Aurora Cannabis (NYSE:ACB)

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.

Related Posts:

  • No Related Posts