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

Aurora Cannabis Inc. (NYSE:ACB) was the recipient of some unusual options trading on Thursday. Investors purchased 5,745 call options on the company. This is an increase of 105% compared to the typical daily volume of 2,803 call options.

Aurora Cannabis Trading Up 3.4 %

Shares of NYSE:ACB opened at $0.48 on Friday. The company has a market cap of $183.12 million, a P/E ratio of -0.92 and a beta of 2.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.08 and a quick ratio of 3.16. Aurora Cannabis has a 1 year low of $0.43 and a 1 year high of $1.67. The stock’s fifty day moving average price is $0.53 and its 200-day moving average price is $0.62.

Aurora Cannabis (NYSE:ACB) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.04. The firm had revenue of $55.92 million during the quarter, compared to analyst estimates of $46.80 million. Aurora Cannabis had a negative return on equity of 30.47% and a negative net margin of 88.27%. Sell-side analysts expect that Aurora Cannabis will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Aurora Cannabis

Several institutional investors and hedge funds have recently modified their holdings of ACB. Private Advisor Group LLC purchased a new stake in shares of Aurora Cannabis during the first quarter worth $25,000. HRT Financial LP acquired a new stake in shares of Aurora Cannabis during the 1st quarter valued at approximately $26,000. Tradewinds Capital Management LLC lifted its position in shares of Aurora Cannabis by 78.4% during the 1st quarter. Tradewinds Capital Management LLC now owns 41,117 shares of the company’s stock valued at $29,000 after acquiring an additional 18,070 shares during the period. Gallagher Fiduciary Advisors LLC acquired a new stake in shares of Aurora Cannabis during the 1st quarter valued at approximately $34,000. Finally, Squarepoint Ops LLC lifted its position in shares of Aurora Cannabis by 45.0% during the 4th quarter. Squarepoint Ops LLC now owns 37,699 shares of the company’s stock valued at $35,000 after acquiring an additional 11,700 shares during the period. Hedge funds and other institutional investors own 11.17% of the company’s stock.

Aurora Cannabis Company Profile

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.