660,834 Shares in Tilray Inc (NASDAQ:TLRY) Acquired by Millennium Management LLC

Millennium Management LLC purchased a new position in shares of Tilray Inc (NASDAQ:TLRY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 660,834 shares of the company's stock, valued at approximately $879,000. Millennium Management LLC owned about 0.07% of Tilray at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Deutsche Bank AG raised its holdings in shares of Tilray by 62.1% during the fourth quarter. Deutsche Bank AG now owns 75,840 shares of the company's stock worth $101,000 after purchasing an additional 29,054 shares during the last quarter. Cresset Asset Management LLC raised its stake in shares of Tilray by 27.5% during the 4th quarter. Cresset Asset Management LLC now owns 297,869 shares of the company's stock valued at $396,000 after buying an additional 64,189 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Tilray by 69.5% in the 4th quarter. Cetera Investment Advisers now owns 208,257 shares of the company's stock valued at $277,000 after buying an additional 85,402 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of Tilray in the fourth quarter worth about $266,000. Finally, Captrust Financial Advisors grew its holdings in Tilray by 535.5% during the fourth quarter. Captrust Financial Advisors now owns 115,825 shares of the company's stock worth $154,000 after acquiring an additional 97,600 shares during the period. 9.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TLRY shares. Piper Sandler decreased their price target on Tilray from $2.00 to $1.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Roth Capital reissued a "neutral" rating on shares of Tilray in a research note on Monday, April 14th.

Tilray Trading Up 2.4%

Tilray stock traded up $0.01 during midday trading on Tuesday, hitting $0.42. 24,164,251 shares of the stock were exchanged, compared to its average volume of 28,952,986. Tilray Inc has a fifty-two week low of $0.37 and a fifty-two week high of $2.15. The stock has a market capitalization of $422.43 million, a price-to-earnings ratio of -1.40 and a beta of 1.83. The stock's 50-day simple moving average is $0.46 and its 200 day simple moving average is $0.84. The company has a current ratio of 2.54, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10.

Tilray (NASDAQ:TLRY - Get Free Report) last announced its earnings results on Tuesday, April 8th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The company had revenue of $185.78 million for the quarter, compared to analysts' expectations of $213.38 million. Tilray had a negative return on equity of 4.40% and a negative net margin of 30.95%. On average, equities analysts anticipate that Tilray Inc will post -0.2 EPS for the current year.

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 Canada.