Aurora Cannabis Inc (NYSE:ACB) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Aurora Cannabis Inc (NYSE:ACB) by 1.8% in the 1st quarter, according to its most …

Aurora Cannabis logoSumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Aurora Cannabis Inc (NYSE:ACB) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,357,247 shares of the company’s stock after buying an additional 42,283 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.23% of Aurora Cannabis worth $21,320,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC boosted its holdings in Aurora Cannabis by 13.9% in the first quarter. Moloney Securities Asset Management LLC now owns 12,320 shares of the company’s stock worth $112,000 after purchasing an additional 1,500 shares in the last quarter. Focused Wealth Management Inc boosted its holdings in Aurora Cannabis by 33.6% during the first quarter. Focused Wealth Management Inc now owns 6,574 shares of the company’s stock valued at $60,000 after acquiring an additional 1,654 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in Aurora Cannabis by 27.7% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 9,220 shares of the company’s stock valued at $84,000 after acquiring an additional 2,000 shares during the period. CNB Bank boosted its holdings in Aurora Cannabis by 100.0% during the first quarter. CNB Bank now owns 4,000 shares of the company’s stock valued at $36,000 after acquiring an additional 2,000 shares during the period. Finally, Trustcore Financial Services LLC boosted its holdings in Aurora Cannabis by 34.1% during the first quarter. Trustcore Financial Services LLC now owns 8,880 shares of the company’s stock valued at $80,000 after acquiring an additional 2,258 shares during the period. 9.00% of the stock is owned by institutional investors.

ACB has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Aurora Cannabis from a “hold” rating to a “buy” rating in a report on Tuesday, March 19th. GMP Securities raised shares of Aurora Cannabis from a “hold” rating to a “buy” rating in a research report on Wednesday, March 13th. Jefferies Financial Group initiated coverage on shares of Aurora Cannabis in a research report on Monday, February 25th. They set a “buy” rating for the company. Desjardins began coverage on shares of Aurora Cannabis in a research report on Thursday, April 25th. They set a “buy” rating and a $9.07 price objective for the company. Finally, Bank of America began coverage on shares of Aurora Cannabis in a research report on Wednesday, April 17th. They issued a “buy” rating and a $11.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $9.86.

Shares of NYSE ACB traded down $0.14 during mid-day trading on Friday, hitting $7.30. 16,148,900 shares of the stock were exchanged, compared to its average volume of 10,209,622. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of 60.83 and a beta of 2.80. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 0.10. Aurora Cannabis Inc has a twelve month low of $4.05 and a twelve month high of $12.52.

Aurora Cannabis 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.

Featured Story: Should I follow buy, hold and sell recommendations?

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