CreativeOne Wealth LLC Acquires New Holdings in Tilray Inc (NASDAQ:TLRY)

CreativeOne Wealth LLC acquired a new stake in Tilray Inc (NASDAQ:TLRY) in the third quarter, HoldingsChannel reports. The firm acquired 71,884 shares of the company’s stock, valued at approximately $127,000.

A number of other large investors have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its holdings in Tilray by 22.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,819 shares of the company’s stock worth $70,000 after purchasing an additional 7,339 shares during the last quarter. Bank of Montreal Can raised its holdings in Tilray by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 2,176,506 shares of the company’s stock worth $3,787,000 after purchasing an additional 7,406 shares during the last quarter. Arizona State Retirement System raised its holdings in Tilray by 4.4% during the 2nd quarter. Arizona State Retirement System now owns 216,693 shares of the company’s stock worth $360,000 after purchasing an additional 9,171 shares during the last quarter. Pallas Capital Advisors LLC raised its holdings in Tilray by 58.1% during the 3rd quarter. Pallas Capital Advisors LLC now owns 31,646 shares of the company’s stock worth $52,000 after purchasing an additional 11,632 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new position in Tilray during the 3rd quarter worth approximately $26,000. Institutional investors own 9.35% of the company’s stock.

Insider Transactions at Tilray

In other Tilray news, CFO Carl A. Merton purchased 26,000 shares of Tilray stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average price of $1.36 per share, with a total value of $35,360.00. Following the transaction, the chief financial officer now owns 26,000 shares in the company, valued at $35,360. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

Tilray Stock Performance

Shares of TLRY stock opened at $1.30 on Wednesday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of -4.81 and a beta of 2.08. Tilray Inc has a 52 week low of $1.28 and a 52 week high of $2.97. The company has a quick ratio of 1.57, a current ratio of 2.47 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $1.55 and a 200-day moving average of $1.71.

Tilray (NASDAQ:TLRY) last announced its quarterly earnings data on Thursday, October 10th. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). The company had revenue of $200.00 million during the quarter, compared to the consensus estimate of $218.70 million. Tilray had a negative net margin of 26.79% and a negative return on equity of 2.00%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.10) EPS. On average, equities analysts forecast that Tilray Inc will post -0.14 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their price target on shares of Tilray from $2.00 to $1.75 and set a “neutral” rating for the company in a report on Friday, October 11th.

Tilray Company Profile

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.