Point72 Asset Management L.P. Acquires New Shares in Tilray Inc (NASDAQ:TLRY)

Point72 Asset Management L.P. acquired a new stake in shares of Tilray Inc (NASDAQ:TLRY - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 765,922 shares of the company's stock, valued at approximately $1,348,000. Point72 Asset Management L.P. owned about 0.08% of Tilray at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TLRY. Ferguson Wellman Capital Management Inc. bought a new position in Tilray during the 3rd quarter valued at approximately $26,000. Signature Estate & Investment Advisors LLC bought a new position in shares of Tilray during the second quarter valued at approximately $29,000. Jeppson Wealth Management LLC purchased a new stake in Tilray in the second quarter worth $33,000. Pallas Capital Advisors LLC bought a new stake in Tilray in the second quarter valued at $37,000. Finally, Vanguard Capital Wealth Advisors purchased a new position in Tilray during the 2nd quarter valued at $34,000. 9.35% of the stock is currently owned by hedge funds and other institutional investors.

Tilray Stock Down 1.6 %

Shares of TLRY traded down $0.02 on Wednesday, reaching $1.26. The stock had a trading volume of 38,783,906 shares, compared to its average volume of 25,690,229. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.57 and a current ratio of 2.47. Tilray Inc has a 12-month low of $1.22 and a 12-month high of $2.97. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -4.67 and a beta of 2.09. The company has a 50-day simple moving average of $1.50 and a 200-day simple moving average of $1.68.

Tilray (NASDAQ:TLRY - Get Free Report) last posted its quarterly earnings data on Thursday, October 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.04). The business had revenue of $200.00 million during the quarter, compared to the consensus estimate of $218.70 million. Tilray had a negative return on equity of 2.00% and a negative net margin of 26.79%. The firm's quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) earnings per share. Sell-side analysts predict that Tilray Inc will post -0.14 EPS for the current year.

Insider Activity at Tilray

In related news, CFO Carl A. Merton acquired 26,000 shares of Tilray stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of $1.36 per share, with a total value of $35,360.00. Following the transaction, the chief financial officer now directly owns 26,000 shares in the company, valued at approximately $35,360. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Roth Mkm dropped their target price on shares of Tilray from $2.00 to $1.75 and set a "neutral" rating for the company in a research report on Friday, October 11th.

Get Our Latest Report on TLRY

Tilray Company 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 Canada.

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