Investors Purchase High Volume of Call Options on Aurora Cannabis (NASDAQ:ACB)

Aurora Cannabis Inc. (NASDAQ:ACB) saw unusually large options trading activity on Thursday. Traders purchased 4,976 call options on the company. This is an increase of 39% compared to the average daily volume of 3,573 call options.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ACB shares. Atb Cap Markets raised shares of Aurora Cannabis from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 5th. TD Cowen initiated coverage on shares of Aurora Cannabis in a report on Wednesday, December 11th. They set a “buy” rating for the company. Finally, TD Securities raised shares of Aurora Cannabis to a “strong-buy” rating in a report on Thursday, December 12th.

Aurora Cannabis Price Performance

NASDAQ:ACB opened at $4.57 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.30 and a quick ratio of 1.60. The firm has a market cap of $256.14 million, a price-to-earnings ratio of 91.42 and a beta of 1.70. The company has a 50 day moving average price of $4.79 and a 200-day moving average price of $4.96. Aurora Cannabis has a 1-year low of $3.42 and a 1-year high of $9.35.

Aurora Cannabis (NASDAQ:ACB) last posted its earnings results on Wednesday, February 5th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.15. Aurora Cannabis had a net margin of 0.42% and a return on equity of 0.59%. Equities research analysts forecast that Aurora Cannabis will post 0.46 EPS for the current year.

Institutional Investors Weigh In On Aurora Cannabis

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake in Aurora Cannabis by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 84,921 shares of the company’s stock valued at $361,000 after acquiring an additional 5,800 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Aurora Cannabis in the 4th quarter valued at $31,000. Two Sigma Advisers LP grew its stake in Aurora Cannabis by 18.7% in the 4th quarter. Two Sigma Advisers LP now owns 62,100 shares of the company’s stock valued at $264,000 after acquiring an additional 9,793 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in Aurora Cannabis in the 4th quarter valued at $45,000. Finally, Millennium Management LLC acquired a new stake in Aurora Cannabis in the 4th quarter valued at $67,000. Institutional investors and hedge funds own 47.63% of the company’s stock.

About Aurora Cannabis

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.