Stephens Inc. AR Invests $124,000 in Aurora Cannabis Inc (ACB) Stock

Stephens Inc. AR purchased a new stake in shares of Aurora Cannabis Inc (NYSE:ACB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 24,929 shares of the company’s stock, valued at approximately $124,000.

Other large investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new position in Aurora Cannabis during the fourth quarter valued at approximately $551,000. JW Asset Management LLC bought a new position in Aurora Cannabis during the fourth quarter valued at approximately $10,734,000. National Asset Management Inc. bought a new position in Aurora Cannabis during the fourth quarter valued at approximately $153,000. Lincoln National Corp purchased a new stake in Aurora Cannabis during the fourth quarter valued at approximately $94,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Aurora Cannabis during the fourth quarter valued at approximately $295,000. 8.16% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE ACB traded up $0.28 during midday trading on Friday, hitting $9.27. The company’s stock had a trading volume of 20,499,868 shares, compared to its average volume of 29,169,904. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.50 and a current ratio of 3.31. Aurora Cannabis Inc has a 12-month low of $4.05 and a 12-month high of $12.52. The company has a market cap of $9.10 billion, a price-to-earnings ratio of 77.29 and a beta of 2.90.

Aurora Cannabis (NYSE:ACB) last issued its quarterly earnings results on Monday, February 11th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.02. Aurora Cannabis had a positive return on equity of 3.95% and a negative net margin of 57.54%. The firm had revenue of $41.00 million for the quarter. Sell-side analysts predict that Aurora Cannabis Inc will post -0.17 earnings per share for the current year.

A number of equities research analysts have issued reports on the company. GMP Securities upgraded Aurora Cannabis from a “hold” rating to a “buy” rating in a research report on Wednesday. TheStreet downgraded Aurora Cannabis from a “c” rating to a “d+” rating in a research report on Monday, February 25th. Jefferies Financial Group assumed coverage on Aurora Cannabis in a research report on Monday, February 25th. They set a “buy” rating on the stock. Cowen assumed coverage on Aurora Cannabis in a research report on Tuesday, March 5th. They set an “outperform” rating on the stock. Finally, Seaport Global Securities assumed coverage on Aurora Cannabis in a research report on Thursday, February 21st. They set a “neutral” rating on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Aurora Cannabis currently has a consensus rating of “Buy” and a consensus target price of $9.50.

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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.

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

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