CIBC Asset Management Inc lifted its position in shares of Aurora Cannabis Inc (NYSE:ACB) by 53.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 832,620 shares of the company’s stock after purchasing an additional 288,939 shares during the quarter. CIBC Asset Management Inc’s holdings in Aurora Cannabis were worth $7,533,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in shares of Aurora Cannabis during the 4th quarter worth $1,355,000. Boston Advisors LLC purchased a new stake in shares of Aurora Cannabis in the 4th quarter worth about $61,000. TCI Wealth Advisors Inc. purchased a new stake in shares of Aurora Cannabis in the 4th quarter worth about $51,000. Mycio Wealth Partners LLC purchased a new stake in shares of Aurora Cannabis in the 4th quarter worth about $68,000. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of Aurora Cannabis in the 4th quarter worth about $36,000. 8.35% of the stock is owned by institutional investors.

Aurora Cannabis stock opened at $8.24 on Wednesday. Aurora Cannabis Inc has a 52 week low of $4.05 and a 52 week high of $12.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.50 and a current ratio of 3.31. The stock has a market capitalization of $8.13 billion, a P/E ratio of 68.65 and a beta of 2.82.

Aurora Cannabis (NYSE:ACB) last released its quarterly earnings data on Monday, February 11th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. Aurora Cannabis had a negative net margin of 57.54% and a positive return on equity of 3.95%. The business had revenue of $41.00 million for the quarter. Analysts forecast that Aurora Cannabis Inc will post -0.18 EPS for the current fiscal year.

Several equities research analysts recently commented on ACB shares. Cowen started coverage on shares of Aurora Cannabis in a research report on Tuesday, March 5th. They issued an “outperform” rating on the stock. Seaport Global Securities started coverage on shares of Aurora Cannabis in a research report on Thursday, February 21st. They issued a “neutral” rating on the stock. ValuEngine upgraded shares of Aurora Cannabis from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. TheStreet lowered shares of Aurora Cannabis from a “c” rating to a “d+” rating in a research report on Monday, February 25th. Finally, Jefferies Financial Group started coverage on shares of Aurora Cannabis in a research report on Monday, February 25th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Aurora Cannabis has a consensus rating of “Buy” and a consensus price target of $9.86.

TRADEMARK VIOLATION WARNING: “CIBC Asset Management Inc Purchases 288,939 Shares of Aurora Cannabis Inc (ACB)” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and republished in violation of United States and international copyright law. The correct version of this report can be viewed at https://www.thecerbatgem.com/2019/05/15/cibc-asset-management-inc-purchases-288939-shares-of-aurora-cannabis-inc-acb.html.

Aurora Cannabis 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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