Private Advisor Group LLC Lowers Stake in urban-gro, Inc. (NASDAQ:UGRO)

Private Advisor Group LLC reduced its position in shares of urban-gro, Inc. (NASDAQ:UGRO) by 57.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,426 shares of the company’s stock after selling 124,320 shares during the quarter. Private Advisor Group LLC owned 0.74% of urban-gro worth $86,000 as of its most recent SEC filing.

Separately, Evernest Financial Advisors LLC purchased a new stake in shares of urban-gro during the 4th quarter worth about $57,000. Institutional investors own 20.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised shares of urban-gro to a “strong-buy” rating in a research note on Wednesday, February 19th.

urban-gro Stock Up 0.1 %

UGRO opened at $0.82 on Friday. urban-gro, Inc. has a twelve month low of $0.60 and a twelve month high of $2.42. The company has a 50-day moving average price of $0.86 and a 200 day moving average price of $1.22. The company has a market cap of $10.42 million, a PE ratio of -0.73 and a beta of 1.83.

urban-gro (NASDAQ:UGRO) last released its quarterly earnings results on Tuesday, February 18th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.15). The company had revenue of $9.89 million for the quarter, compared to analysts’ expectations of $17.49 million.

urban-gro Profile

urban-gro, Inc engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.