Aurora Cannabis Target of Unusually Large Options Trading (NASDAQ:ACB)

Aurora Cannabis Inc. (NASDAQ:ACB - Get Free Report) was the recipient of some unusual options trading on Thursday. Traders bought 4,976 call options on the company. This represents an increase of 39% compared to the average daily volume of 3,573 call options.

Aurora Cannabis Trading Up 2.2 %

Shares of NASDAQ ACB traded up $0.10 during trading hours on Monday, hitting $4.56. 616,725 shares of the company traded hands, compared to its average volume of 3,175,295. The company's 50 day moving average price is $4.79 and its 200 day moving average price is $4.94. Aurora Cannabis has a 12 month low of $3.42 and a 12 month high of $9.35. The stock has a market capitalization of $255.58 million, a price-to-earnings ratio of 91.22 and a beta of 1.71. The company has a current ratio of 3.30, a quick ratio of 1.60 and a debt-to-equity ratio of 0.07.

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

Hedge Funds Weigh In On Aurora Cannabis

Several hedge funds have recently bought and sold shares of ACB. Tidal Investments LLC boosted its stake in shares of Aurora Cannabis by 2.7% during the third quarter. Tidal Investments LLC now owns 1,344,321 shares of the company's stock valued at $7,905,000 after purchasing an additional 34,988 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Aurora Cannabis in the 4th quarter valued at about $31,000. Wealthspire Advisors LLC bought a new position in Aurora Cannabis in the 4th quarter worth about $149,000. Millennium Management LLC purchased a new position in shares of Aurora Cannabis during the fourth quarter worth approximately $67,000. Finally, Two Sigma Advisers LP raised its stake in shares of Aurora Cannabis by 18.7% during the fourth quarter. Two Sigma Advisers LP now owns 62,100 shares of the company's stock valued at $264,000 after acquiring an additional 9,793 shares in the last quarter. Institutional investors own 47.63% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Atb Cap Markets upgraded shares of Aurora Cannabis from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. TD Cowen initiated coverage on shares of Aurora Cannabis in a report on Wednesday, December 11th. They issued a "buy" rating on the stock. Finally, TD Securities raised shares of Aurora Cannabis to a "strong-buy" rating in a report on Thursday, December 12th.

About Aurora Cannabis

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.