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

BerganKDV Wealth Management LLC lifted its position in Aurora Cannabis Inc (NYSE:ACB) by 735.7% in the second quarter, according to the …

Aurora Cannabis logoBerganKDV Wealth Management LLC lifted its position in Aurora Cannabis Inc (NYSE:ACB) by 735.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,633 shares of the company’s stock after purchasing an additional 7,600 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Aurora Cannabis were worth $68,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC purchased a new stake in Aurora Cannabis in the 4th quarter worth approximately $515,000. Mercer Global Advisors Inc. ADV bought a new position in Aurora Cannabis in the 1st quarter worth approximately $128,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Aurora Cannabis by 6.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 160,299 shares of the company’s stock worth $1,451,000 after purchasing an additional 9,761 shares during the period. Janney Montgomery Scott LLC boosted its stake in Aurora Cannabis by 43.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 29,374 shares of the company’s stock worth $266,000 after purchasing an additional 8,892 shares during the period. Finally, First Republic Investment Management Inc. boosted its stake in Aurora Cannabis by 18.6% in the 1st quarter. First Republic Investment Management Inc. now owns 58,383 shares of the company’s stock worth $528,000 after purchasing an additional 9,168 shares during the period. 9.11% of the stock is owned by hedge funds and other institutional investors.

NYSE ACB opened at $6.08 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.98 and a current ratio of 2.37. The company has a market capitalization of $5.98 billion, a P/E ratio of 58.60 and a beta of 2.47. Aurora Cannabis Inc has a one year low of $4.58 and a one year high of $12.52. The stock has a 50 day moving average price of $6.13 and a 200-day moving average price of $7.69.

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

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.

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

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