Edmond DE Rothschild Holding S.A. Invests $88,000 in Aurora Cannabis Inc. (NASDAQ:ACB)

Edmond DE Rothschild Holding S.A. acquired a new stake in Aurora Cannabis Inc. (NASDAQ:ACB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,650 shares of the company’s stock, valued at approximately $88,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new stake in shares of Aurora Cannabis in the 4th quarter valued at approximately $31,000. Wealthspire Advisors LLC acquired a new stake in Aurora Cannabis in the fourth quarter valued at $149,000. Finally, Tidal Investments LLC boosted its position 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 worth $7,905,000 after purchasing an additional 34,988 shares in the last quarter. Hedge funds and other institutional investors own 47.63% of the company’s stock.

Aurora Cannabis Trading Up 2.3 %

NASDAQ:ACB opened at $4.47 on Thursday. Aurora Cannabis Inc. has a 52-week low of $3.42 and a 52-week high of $9.35. The company has a quick ratio of 1.60, a current ratio of 3.30 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $4.88 and a 200-day simple moving average of $4.88. The company has a market capitalization of $251.28 million, a PE ratio of 89.42 and a beta of 1.63.

Aurora Cannabis (NASDAQ:ACB) last announced its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. Aurora Cannabis had a net margin of 0.42% and a return on equity of 0.59%. On average, equities research analysts expect that Aurora Cannabis Inc. will post 0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Aurora Cannabis Company Profile

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.