SBI Securities Co. Ltd. Sells 234,859 Shares of Tilray Brands, Inc. $TLRY

SBI Securities Co. Ltd. reduced its position in Tilray Brands, Inc. (NASDAQ:TLRY) by 89.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,236 shares of the company’s stock after selling 234,859 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Tilray Brands were worth $255,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of TLRY. AQR Capital Management LLC boosted its stake in shares of Tilray Brands by 1,839.7% in the 1st quarter. AQR Capital Management LLC now owns 607,054 shares of the company’s stock valued at $399,000 after purchasing an additional 575,757 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Tilray Brands during the 2nd quarter valued at $112,000. Cerity Partners LLC lifted its position in shares of Tilray Brands by 98.5% during the 2nd quarter. Cerity Partners LLC now owns 92,560 shares of the company’s stock valued at $38,000 after acquiring an additional 45,929 shares during the period. Ausdal Financial Partners Inc. acquired a new position in shares of Tilray Brands during the 2nd quarter valued at $939,000. Finally, Bank of America Corp DE lifted its position in shares of Tilray Brands by 26.5% during the 2nd quarter. Bank of America Corp DE now owns 311,810 shares of the company’s stock valued at $129,000 after acquiring an additional 65,379 shares during the period. 9.35% of the stock is owned by institutional investors.

Tilray Brands Stock Down 1.8%

Tilray Brands stock opened at $5.56 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average is $6.80 and its 200 day moving average is $8.80. Tilray Brands, Inc. has a 12-month low of $3.51 and a 12-month high of $23.20. The company has a market capitalization of $648.02 million, a PE ratio of -0.41 and a beta of 1.94.

Tilray Brands (NASDAQ:TLRY) last released its quarterly earnings data on Wednesday, April 1st. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.10). Tilray Brands had a negative return on equity of 3.31% and a negative net margin of 156.51%.The business had revenue of $206.73 million for the quarter, compared to analyst estimates of $201.35 million. During the same quarter in the previous year, the company posted ($0.87) EPS. As a group, sell-side analysts predict that Tilray Brands, Inc. will post -0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Tilray Brands news, Director David G. Hopkinson sold 33,556 shares of the company’s stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $6.94, for a total transaction of $232,878.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded shares of Tilray Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, April 29th. ATB Cormark Capital Markets dropped their target price on shares of Tilray Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 2nd. Roth Mkm upgraded shares of Tilray Brands from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, April 2nd. Finally, Wall Street Zen upgraded shares of Tilray Brands from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.50.

Tilray Brands Company Profile

Tilray Brands, Inc is a global cannabis-lifestyle and consumer packaged goods company engaged in the cultivation, production, distribution and sale of cannabis and cannabinoid-based products. The company develops and markets a diverse portfolio of branded products spanning medical cannabis, adult-use recreational products and wellness offerings. Through state-of-the-art cultivation facilities, research and development efforts, and quality control systems, Tilray Brands aims to deliver consistent, scalable products for a range of patient and consumer needs.

Tilray’s product lineup includes cannabis flower, pre-rolls, oils and tinctures, vapes, edibles and topicals, as well as hemp-derived cannabidiol (CBD) products.