Wedbush Securities Inc. Acquires 14,545 Shares of Aurora Cannabis Inc (ACB)

Wedbush Securities Inc. raised its holdings in Aurora Cannabis Inc (NYSE:ACB) by 17.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 95,597 shares of the company’s stock after purchasing an additional 14,545 shares during the period. Wedbush Securities Inc.’s holdings in Aurora Cannabis were worth $866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ACB. Flagship Harbor Advisors LLC purchased a new stake in shares of Aurora Cannabis in the fourth quarter valued at about $26,000. Carroll Financial Associates Inc. purchased a new stake in shares of Aurora Cannabis in the first quarter valued at about $27,000. Advisory Services Network LLC purchased a new stake in shares of Aurora Cannabis in the fourth quarter valued at about $29,000. Trustcore Financial Services LLC purchased a new stake in shares of Aurora Cannabis in the fourth quarter valued at about $33,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Aurora Cannabis in the fourth quarter valued at about $36,000. 8.66% of the stock is currently owned by institutional investors.

NYSE:ACB opened at $9.00 on Friday. The company has a quick ratio of 2.50, a current ratio of 3.31 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $9.12 billion, a PE ratio of 75.00 and a beta of 2.99. Aurora Cannabis Inc has a 1-year low of $4.05 and a 1-year high of $12.52.

Aurora Cannabis (NYSE:ACB) last posted its quarterly earnings data on Monday, February 11th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.02. The business 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%. Research analysts anticipate that Aurora Cannabis Inc will post -0.17 earnings per share for the current fiscal year.

Several analysts have issued reports on the stock. ValuEngine raised shares of Aurora Cannabis from a “hold” rating to a “buy” rating in a report on Tuesday, March 19th. TheStreet raised shares of Aurora Cannabis from a “d+” rating to a “c” rating in a report on Thursday, April 4th. GMP Securities raised shares of Aurora Cannabis from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. Bank of America assumed coverage on shares of Aurora Cannabis in a report on Wednesday. They issued a “buy” rating and a $11.00 price target on the stock. Finally, Jefferies Financial Group started coverage on shares of Aurora Cannabis in a report on Monday, February 25th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $10.25.

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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.

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

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