Canton Hathaway LLC Has $477,000 Stock Holdings in Aurora Innovation, Inc. $AUR

Canton Hathaway LLC boosted its stake in shares of Aurora Innovation, Inc. (NASDAQ:AUR) by 29.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91,000 shares of the company’s stock after purchasing an additional 20,500 shares during the period. Canton Hathaway LLC’s holdings in Aurora Innovation were worth $477,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. United Bank lifted its position in shares of Aurora Innovation by 17.0% in the first quarter. United Bank now owns 13,064 shares of the company’s stock valued at $88,000 after buying an additional 1,900 shares during the last quarter. Grimes & Company Inc. lifted its position in shares of Aurora Innovation by 18.2% in the second quarter. Grimes & Company Inc. now owns 13,000 shares of the company’s stock valued at $68,000 after buying an additional 2,000 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Aurora Innovation by 3.0% in the first quarter. Principal Financial Group Inc. now owns 70,652 shares of the company’s stock valued at $475,000 after buying an additional 2,061 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company’s stock valued at $52,000 after buying an additional 2,085 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in shares of Aurora Innovation by 9.2% in the second quarter. Envestnet Asset Management Inc. now owns 32,868 shares of the company’s stock valued at $172,000 after buying an additional 2,774 shares during the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AUR has been the subject of a number of recent analyst reports. Cowen reaffirmed a “hold” rating on shares of Aurora Innovation in a research report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday. UBS Group reaffirmed an “underperform” rating on shares of Aurora Innovation in a research report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Aurora Innovation in a research report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Aurora Innovation in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.44.

Aurora Innovation Stock Performance

Shares of NASDAQ AUR opened at $5.10 on Friday. The firm has a market cap of $9.41 billion, a P/E ratio of -11.33 and a beta of 2.45. Aurora Innovation, Inc. has a 1-year low of $4.75 and a 1-year high of $10.77. The business’s 50 day moving average is $5.55 and its 200-day moving average is $5.92.

Aurora Innovation (NASDAQ:AUR) last announced its earnings results on Tuesday, October 28th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million for the quarter, compared to the consensus estimate of $1.23 million. During the same quarter last year, the business posted ($0.13) EPS. Analysts forecast that Aurora Innovation, Inc. will post -0.49 EPS for the current year.

Insider Buying and Selling at Aurora Innovation

In other Aurora Innovation news, Director Brittany Bagley sold 50,000 shares of Aurora Innovation stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $5.39, for a total value of $269,500.00. Following the completion of the transaction, the director directly owned 398,372 shares of the company’s stock, valued at $2,147,225.08. The trade was a 11.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John J. Donahoe acquired 162,337 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was bought at an average cost of $6.10 per share, with a total value of $990,255.70. Following the completion of the acquisition, the director directly owned 162,337 shares in the company, valued at approximately $990,255.70. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 11.85% of the stock is owned by insiders.

Aurora Innovation Profile

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.