Pictet Asset Management Ltd. Has $1.99 Million Stock Holdings in Aurora Cannabis Inc (NYSE:ACB)

Pictet Asset Management Ltd. cut its stake in shares of Aurora Cannabis Inc (NYSE:ACB) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 253,409 shares of the company’s stock after selling 1,600 shares during the period. Pictet Asset Management Ltd.’s holdings in Aurora Cannabis were worth $1,990,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. IHT Wealth Management LLC acquired a new stake in shares of Aurora Cannabis in the second quarter valued at approximately $160,000. BerganKDV Wealth Management LLC lifted its position in shares of Aurora Cannabis by 735.7% in the second quarter. BerganKDV Wealth Management LLC now owns 8,633 shares of the company’s stock valued at $68,000 after buying an additional 7,600 shares during the last quarter. Resources Investment Advisors LLC. lifted its position in shares of Aurora Cannabis by 825.7% in the second quarter. Resources Investment Advisors LLC. now owns 4,962 shares of the company’s stock valued at $39,000 after buying an additional 4,426 shares during the last quarter. Independent Advisor Alliance lifted its position in shares of Aurora Cannabis by 23.0% in the second quarter. Independent Advisor Alliance now owns 29,947 shares of the company’s stock valued at $234,000 after buying an additional 5,597 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Aurora Cannabis by 114.8% in the second quarter. Renaissance Technologies LLC now owns 1,693,900 shares of the company’s stock valued at $13,271,000 after buying an additional 905,305 shares during the last quarter. 8.88% of the stock is owned by institutional investors.

A number of analysts have recently issued reports on ACB shares. Bank of America cut Aurora Cannabis from a “buy” rating to a “neutral” rating and set a $7.30 price objective for the company. in a research report on Thursday, July 18th. Piper Jaffray Companies set a $7.00 price objective on Aurora Cannabis and gave the company a “hold” rating in a research report on Friday, September 13th. Canaccord Genuity set a $13.50 price objective on Aurora Cannabis and gave the company a “buy” rating in a research report on Friday, September 13th. Stifel Nicolaus reaffirmed a “sell” rating and issued a $5.00 price objective (down from $7.00) on shares of Aurora Cannabis in a research report on Thursday, September 12th. Finally, LADENBURG THALM/SH SH started coverage on Aurora Cannabis in a research report on Wednesday, July 17th. They issued a “buy” rating and a $9.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $8.43.

Shares of NYSE ACB traded down $0.06 during trading hours on Thursday, reaching $5.21. 217,782 shares of the stock were exchanged, compared to its average volume of 12,965,318. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of -23.57 and a beta of 2.47. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.14 and a current ratio of 1.52. Aurora Cannabis Inc has a 52 week low of $4.58 and a 52 week high of $12.52. The stock’s fifty day simple moving average is $5.97 and its 200 day simple moving average is $7.62.

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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