Stock Traders Buy Large Volume of Aurora Cannabis Call Options (NASDAQ:ACB)

Aurora Cannabis Inc. (NASDAQ:ACB) was the target of unusually large options trading on Wednesday. Stock investors acquired 14,617 call options on the company. This represents an increase of approximately 230% compared to the typical daily volume of 4,428 call options.

Aurora Cannabis Trading Down 4.1 %

NASDAQ ACB opened at $5.67 on Friday. The business’s 50-day moving average price is $5.80 and its two-hundred day moving average price is $6.05. Aurora Cannabis has a 12 month low of $2.84 and a 12 month high of $9.35. The firm has a market capitalization of $309.28 million, a PE ratio of -4.05 and a beta of 1.86. The company has a current ratio of 3.76, a quick ratio of 2.03 and a debt-to-equity ratio of 0.08.

Aurora Cannabis (NASDAQ:ACB) last announced its earnings results on Wednesday, August 7th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.24. Aurora Cannabis had a negative return on equity of 7.00% and a negative net margin of 14.46%. The company had revenue of $67.27 million for the quarter, compared to analyst estimates of $55.98 million. On average, analysts expect that Aurora Cannabis will post -0.37 EPS for the current year.

Institutional Investors Weigh In On Aurora Cannabis

Institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Advisors LLC acquired a new position in Aurora Cannabis during the 1st quarter worth approximately $59,000. Virtu Financial LLC acquired a new position in Aurora Cannabis during the 1st quarter worth approximately $727,000. Headlands Technologies LLC raised its stake in Aurora Cannabis by 98.8% during the 2nd quarter. Headlands Technologies LLC now owns 74,988 shares of the company’s stock worth $346,000 after buying an additional 37,269 shares during the period. TD Asset Management Inc acquired a new position in Aurora Cannabis during the 2nd quarter worth approximately $255,000. Finally, Concurrent Investment Advisors LLC acquired a new position in Aurora Cannabis during the 1st quarter worth approximately $90,000. Institutional investors own 47.63% 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.