Centiva Capital LP Cuts Stock Position in Aurora Cannabis Inc. (NASDAQ:ACB)

Centiva Capital LP decreased its holdings in Aurora Cannabis Inc. (NASDAQ:ACB) by 63.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 45,564 shares of the company’s stock after selling 78,421 shares during the period. Centiva Capital LP’s holdings in Aurora Cannabis were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in Aurora Cannabis during the second quarter valued at about $50,000. Cetera Advisors LLC purchased a new position in Aurora Cannabis in the 1st quarter worth about $59,000. Toronto Dominion Bank lifted its position in Aurora Cannabis by 34,356.4% during the second quarter. Toronto Dominion Bank now owns 18,951 shares of the company’s stock valued at $88,000 after purchasing an additional 18,896 shares during the period. Baader Bank Aktiengesellschaft boosted its stake in shares of Aurora Cannabis by 121.1% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 22,789 shares of the company’s stock worth $100,000 after buying an additional 12,481 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Aurora Cannabis during the 2nd quarter worth $113,000. 47.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, TD Cowen assumed coverage on shares of Aurora Cannabis in a report on Wednesday. They issued a “buy” rating for the company.

Aurora Cannabis Price Performance

NASDAQ:ACB opened at $4.34 on Thursday. Aurora Cannabis Inc. has a 1 year low of $2.84 and a 1 year high of $9.35. The firm has a market capitalization of $238.01 million, a price-to-earnings ratio of -5.71 and a beta of 1.86. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.83 and a quick ratio of 1.88. The business has a 50 day simple moving average of $5.05 and a 200-day simple moving average of $5.56.

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.