Edmond DE Rothschild Holding S.A. Buys New Position in Aurora Cannabis Inc. (NASDAQ:ACB)

Edmond DE Rothschild Holding S.A. purchased a new position in shares of Aurora Cannabis Inc. (NASDAQ:ACB) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 20,650 shares of the company’s stock, valued at approximately $88,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Aurora Cannabis in the fourth quarter valued at $31,000. Wealthspire Advisors LLC purchased a new stake in Aurora Cannabis in the 4th quarter valued at about $149,000. Finally, Tidal Investments LLC increased its stake in shares of Aurora Cannabis by 2.7% during the 3rd quarter. Tidal Investments LLC now owns 1,344,321 shares of the company’s stock valued at $7,905,000 after acquiring an additional 34,988 shares during the last quarter. 47.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ACB shares. TD Cowen started coverage on shares of Aurora Cannabis in a research report on Wednesday, December 11th. They issued a “buy” rating on the stock. TD Securities upgraded shares of Aurora Cannabis to a “strong-buy” rating in a report on Thursday, December 12th. Finally, Atb Cap Markets upgraded Aurora Cannabis from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th.

Aurora Cannabis Stock Up 2.3 %

Shares of NASDAQ:ACB opened at $4.47 on Thursday. The stock has a 50-day simple moving average of $4.88 and a 200-day simple moving average of $4.88. The stock has a market capitalization of $251.28 million, a P/E ratio of 89.42 and a beta of 1.63. Aurora Cannabis Inc. has a 1 year low of $3.42 and a 1 year high of $9.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 3.30.

Aurora Cannabis (NASDAQ:ACB) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.15. Aurora Cannabis had a net margin of 0.42% and a return on equity of 0.59%. Equities analysts forecast that Aurora Cannabis Inc. will post 0.46 earnings per share for the current year.

About Aurora Cannabis

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.