Capital Advisors Inc. OK Sells 140,045 Shares of Tilray Brands, Inc. $TLRY

Capital Advisors Inc. OK trimmed its stake in shares of Tilray Brands, Inc. (NASDAQ:TLRYFree Report) by 93.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,005 shares of the company’s stock after selling 140,045 shares during the period. Capital Advisors Inc. OK’s holdings in Tilray Brands were worth $90,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Silverlake Wealth Management LLC bought a new stake in Tilray Brands in the 3rd quarter worth approximately $25,000. Oppenheimer & Co. Inc. bought a new position in shares of Tilray Brands during the 3rd quarter valued at $25,000. Unified Investment Management bought a new position in shares of Tilray Brands during the 3rd quarter valued at $26,000. J.W. Cole Advisors Inc. boosted its stake in shares of Tilray Brands by 203.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 71,890 shares of the company’s stock worth $30,000 after buying an additional 48,177 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Tilray Brands in the 3rd quarter worth $30,000. Institutional investors own 9.35% of the company’s stock.

Wall Street Analysts Forecast Growth

TLRY has been the subject of a number of research reports. Canaccord Genuity Group started coverage on Tilray Brands in a research report on Tuesday, January 27th. They set a “hold” rating for the company. Roth Mkm raised 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. ATB Cormark Capital Markets cut their price target on Tilray Brands from $9.50 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday. TD Cowen reduced their price target on shares of Tilray Brands from $10.00 to $7.00 and set a “buy” rating for the company in a research report on Monday. Finally, Wall Street Zen upgraded shares of Tilray Brands from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Three investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $11.20.

View Our Latest Research Report on TLRY

Tilray Brands News Roundup

Here are the key news stories impacting Tilray Brands this week:

Tilray Brands Trading Up 6.7%

NASDAQ:TLRY opened at $6.55 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.81 and a quick ratio of 1.72. The firm has a market capitalization of $763.14 million, a price-to-earnings ratio of -0.48 and a beta of 2.00. Tilray Brands, Inc. has a one year low of $3.51 and a one year high of $23.20. The business has a fifty day moving average price of $7.32 and a 200-day moving average price of $10.23.

Tilray Brands (NASDAQ:TLRYGet Free Report) last released its earnings results 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 net margin of 156.51% and a negative return on equity of 3.31%. The company had revenue of $206.73 million for the quarter, compared to analysts’ expectations of $201.35 million. During the same quarter last year, the firm posted ($0.87) earnings per share. Sell-side analysts forecast that Tilray Brands, Inc. will post -0.2 EPS for the current year.

Tilray Brands Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Tilray Brands (NASDAQ:TLRY)

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