Great West Life Assurance Co. Can lifted its stake in Aurora Cannabis Inc (NYSE:ACB) by 71.0% during the first quarter, Holdings Channel reports. The firm owned 169,235 shares of the company’s stock after purchasing an additional 70,285 shares during the period. Great West Life Assurance Co. Can’s holdings in Aurora Cannabis were worth $1,528,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ACB. Moloney Securities Asset Management LLC grew its holdings in Aurora Cannabis by 13.9% during the 1st quarter. Moloney Securities Asset Management LLC now owns 12,320 shares of the company’s stock worth $112,000 after acquiring an additional 1,500 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Aurora Cannabis by 30.8% in the 1st quarter. US Bancorp DE now owns 6,385 shares of the company’s stock valued at $58,000 after buying an additional 1,505 shares in the last quarter. Focused Wealth Management Inc boosted its holdings in shares of Aurora Cannabis by 33.6% in the 1st quarter. Focused Wealth Management Inc now owns 6,574 shares of the company’s stock valued at $60,000 after buying an additional 1,654 shares in the last quarter. Griffin Asset Management Inc. boosted its holdings in shares of Aurora Cannabis by 13.8% in the 1st quarter. Griffin Asset Management Inc. now owns 16,176 shares of the company’s stock valued at $147,000 after buying an additional 1,960 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA boosted its holdings in shares of Aurora Cannabis by 27.7% in the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 9,220 shares of the company’s stock valued at $84,000 after buying an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 9.02% of the company’s stock.

ACB traded down $0.09 during trading on Wednesday, reaching $7.69. 2,068,761 shares of the company’s stock were exchanged, compared to its average volume of 24,970,258. Aurora Cannabis Inc has a 1 year low of $4.05 and a 1 year high of $12.52. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $7.87 billion, a PE ratio of 64.09 and a beta of 2.78.

A number of analysts have recently weighed in on the stock. Bank of America assumed coverage on shares of Aurora Cannabis in a report on Wednesday, April 17th. They issued a “buy” rating and a $11.00 price target on the stock. Desjardins assumed coverage on shares of Aurora Cannabis in a report on Thursday, April 25th. They issued a “buy” rating and a $9.07 price target on the stock. Stifel Nicolaus assumed coverage on shares of Aurora Cannabis in a report on Wednesday, June 5th. They issued a “hold” rating on the stock. GMP Securities restated a “hold” rating and issued a $9.50 price target on shares of Aurora Cannabis in a report on Tuesday, February 12th. Finally, Zacks Investment Research cut shares of Aurora Cannabis from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $9.86.

COPYRIGHT VIOLATION WARNING: “Aurora Cannabis Inc (NYSE:ACB) Shares Bought by Great West Life Assurance Co. Can” was reported by Marea Informative and is the sole property of of Marea Informative. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.mareainformativa.com/news/2019/06/12/aurora-cannabis-inc-nyseacb-shares-bought-by-great-west-life-assurance-co-can.html.

Aurora Cannabis Company 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.

Read More: Dead Cat Bounce

Want to see what other hedge funds are holding ACB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aurora Cannabis Inc (NYSE:ACB).

Institutional Ownership by Quarter for Aurora Cannabis (NYSE:ACB)

Receive News & Ratings for Aurora Cannabis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aurora Cannabis and related companies with MarketBeat.com's FREE daily email newsletter.