Since Monday, February 4th, 2019, 13F filings with the SEC shows that 22 different U.S. funds have recently taken new long positions in Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB). Over that same period, none have filed to disclose any sales of ACB.
13Fs are mandatory portfolio disclosures that are filed by institutional investment managers over $100 million USD in equity assets under management, so they can act as a great indicator of where the smart money is going.
With a total of 3,589,911 shares of ACB swallowed up by these firms, it certainly shows that some big firms on Wall Street are bullish on Aurora. To be clear, these 22 funds represent just a small percentage of the institutional ownership of Aurora stock.
Institutions Owning Shares of Aurora Cannabis
According to aggregated 13F filings, approximately 173,344,000 shares of ACB are held by U.S.-reporting institutions, which represents over 17% of the roughly 998 million shares outstanding.
Some of the firms that have recently bought in big include The Roosevelt Investment Group, Inc., Commerzbank AG, Brave Asset Management, and more. Other firms that bought in even earlier include Oppenheimer & Co., Winslow, Evans & Crocker, Inc., and more.
|Fund||Position Value at $7.71 USD Per Share||Shares Purchased||Date Reported|
|MACROVIEW INVESTMENT MANAGEMENT LLC||$21,203||2,750||2019-02-07|
|WARATAH CAPITAL ADVISORS LTD.||$2,260,572||293,200||2019-02-06|
|SUMITOMO MITSUI TRUST HOLDINGS, INC.||$17,848,372||2,314,964||2019-02-06|
|HELLMAN JORDAN MANAGEMENT COMPANY INC||$1,542,000||200,000||2019-02-06|
|GLASSMAN WEALTH SERVICES||$125,372||16,261||2019-02-06|
|JANUS HENDERSON GROUP PLC||$885,563||114,859||2019-02-06|
|SRS CAPITAL ADVISORS, INC.||$1,503||195||2019-02-06|
|WINCH ADVISORY SERVICES, LLC||$16,191||2,100||2019-02-05|
|CUTLER GROUP LP(PUT)||$247,491||32,100||2019-02-05|
|TRUSTCORE FINANCIAL SERVICES, LLC||$51,056||6,622||2019-02-05|
|CUTLER GROUP LP||$3,855||500||2019-02-05|
|CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC.||$1,679,307||217,809||2019-02-05|
|CUTLER GROUP LP(CALL)||$819,573||106,300||2019-02-05|
|ROOSEVELT INVESTMENT GROUP INC||$97,994||12,710||2019-02-05|
|REGAL INVESTMENT ADVISORS LLC||$366,125||47,487||2019-02-04|
|OPTIMUM INVESTMENT ADVISORS||$10,331||1,340||2019-02-04|
|BRAVE ASSET MANAGEMENT INC||$81,410||10,559||2019-02-04|
|BB&T SECURITIES, LLC||$265,031||34,375||2019-02-04|
|HOWE & RUSLING INC||$1,157||150||2019-02-04|
|CAPITAL INVESTMENT ADVISORY SERVICES, LLC||$29,414||3,815||2019-02-04|
Institutional investor interest in Aurora should come as no surprise given the fact that the average price target of analysts covering ACB is $13.38 CAD per share. Most recently, the cannabis analyst at Bryan, Garnier & Co. released a report that sees shares of Aurora going to $16 CAD per share, equivalent to roughly $12.03 USD.
With a last traded price of $7.71 USD per share on the NYSE, there’s still a lot of potential upside left in that trade.
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