B. Riley Wealth Advisors Inc. Has $38,000 Holdings in Tilray Inc (NASDAQ:TLRY)

B. Riley Wealth Advisors Inc. lessened its stake in Tilray Inc (NASDAQ:TLRY) by 83.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,513 shares of the company’s stock after selling 82,542 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Tilray were worth $38,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC boosted its stake in shares of Tilray by 58.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 104,554 shares of the company’s stock valued at $250,000 after purchasing an additional 38,712 shares during the last quarter. Gotham Asset Management LLC boosted its stake in shares of Tilray by 1,038.7% in the 3rd quarter. Gotham Asset Management LLC now owns 1,168,774 shares of the company’s stock valued at $2,793,000 after purchasing an additional 1,066,137 shares during the last quarter. Alberta Investment Management Corp boosted its stake in shares of Tilray by 18.0% in the 3rd quarter. Alberta Investment Management Corp now owns 632,600 shares of the company’s stock valued at $1,511,000 after purchasing an additional 96,300 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of Tilray by 6.9% in the 3rd quarter. Penserra Capital Management LLC now owns 1,168,784 shares of the company’s stock valued at $2,793,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of Tilray by 11.4% in the 3rd quarter. Public Sector Pension Investment Board now owns 1,519,415 shares of the company’s stock valued at $3,630,000 after purchasing an additional 155,672 shares during the last quarter. Institutional investors and hedge funds own 9.35% of the company’s stock.

Tilray Stock Performance

Shares of TLRY opened at $1.66 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.18 and a current ratio of 1.92. Tilray Inc has a twelve month low of $1.52 and a twelve month high of $3.40. The firm’s 50 day moving average price is $1.85 and its two-hundred day moving average price is $1.95. The firm has a market cap of $1.28 billion, a P/E ratio of -3.77 and a beta of 2.25.

Analyst Upgrades and Downgrades

TLRY has been the topic of several recent research reports. Canaccord Genuity Group reduced their target price on shares of Tilray from $4.25 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Alliance Global Partners raised their target price on shares of Tilray from $2.25 to $2.75 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, CIBC reduced their price objective on shares of Tilray from $2.25 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th.

Tilray Profile

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Nanaimo, Canada.