MML Investors Services LLC Has $808,000 Holdings in Aurora Cannabis Inc (NYSE:ACB)

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MML Investors Services LLC boosted its stake in shares of Aurora Cannabis Inc (NYSE:ACB) by 54.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 103,341 shares of the company’s stock after buying an additional 36,646 shares during the quarter. MML Investors Services LLC’s holdings in Aurora Cannabis were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Mackey Komara & Dankovich LLC bought a new stake in Aurora Cannabis in the 2nd quarter valued at $27,000. Executive Wealth Management LLC increased its holdings in Aurora Cannabis by 102.1% in the 2nd quarter. Executive Wealth Management LLC now owns 3,900 shares of the company’s stock valued at $30,000 after buying an additional 1,970 shares during the period. Kistler Tiffany Companies LLC increased its holdings in Aurora Cannabis by 77.9% in the 2nd quarter. Kistler Tiffany Companies LLC now owns 4,075 shares of the company’s stock valued at $32,000 after buying an additional 1,785 shares during the period. Resources Investment Advisors LLC. increased its holdings in Aurora Cannabis by 825.7% in the 2nd quarter. Resources Investment Advisors LLC. now owns 4,962 shares of the company’s stock valued at $39,000 after buying an additional 4,426 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in Aurora Cannabis by 71.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 5,451 shares of the company’s stock valued at $49,000 after buying an additional 2,278 shares during the period. Hedge funds and other institutional investors own 8.88% of the company’s stock.

Several equities research analysts have recently weighed in on ACB shares. ValuEngine raised shares of Aurora Cannabis from a “hold” rating to a “buy” rating in a report on Wednesday, August 21st. Compass Point set a $8.00 target price on shares of Aurora Cannabis and gave the stock a “hold” rating in a report on Thursday, September 12th. Stifel Nicolaus reaffirmed a “sell” rating and issued a $5.00 target price (down previously from $7.00) on shares of Aurora Cannabis in a report on Thursday, September 12th. LADENBURG THALM/SH SH started coverage on shares of Aurora Cannabis in a report on Wednesday, July 17th. They issued a “buy” rating and a $9.00 target price on the stock. Finally, Canaccord Genuity set a $13.50 target price on shares of Aurora Cannabis and gave the stock a “buy” rating in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $8.43.

Shares of ACB traded down $0.05 during mid-day trading on Thursday, hitting $5.22. 6,033,942 shares of the company’s stock were exchanged, compared to its average volume of 12,965,318. The company has a market cap of $5.56 billion, a PE ratio of -23.70 and a beta of 2.47. Aurora Cannabis Inc has a 52 week low of $4.58 and a 52 week high of $12.52. The company has a 50-day simple moving average of $5.97 and a 200 day simple moving average of $7.62. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.52 and a quick ratio of 1.14.

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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