Acadian Asset Management LLC Invests $1.17 Million in Aurora Innovation, Inc. $AUR

Key Points

• Acadian Asset Management LLC has made a new investment of approximately $1.17 million in Aurora Innovation, purchasing 174,802 shares during the first quarter.
• Aurora's Director, John J. Donahoe, increased his ownership by acquiring 162,337 shares at $6.10 per share, totaling nearly $1 million.
• Aurora Innovation reported better-than-expected earnings, with an EPS of ($0.11), surpassing analysts' estimates of ($0.12).

Acadian Asset Management LLC acquired a new position in shares of Aurora Innovation, Inc. (NASDAQ:AUR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 174,802 shares of the company's stock, valued at approximately $1,174,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AUR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Aurora Innovation during the first quarter worth about $32,000. Signaturefd LLC boosted its holdings in Aurora Innovation by 208.0% in the first quarter. Signaturefd LLC now owns 5,283 shares of the company's stock valued at $36,000 after purchasing an additional 3,568 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Aurora Innovation by 147.3% in the first quarter. GAMMA Investing LLC now owns 5,922 shares of the company's stock valued at $40,000 after purchasing an additional 3,527 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Aurora Innovation by 37.2% in the first quarter. PNC Financial Services Group Inc. now owns 7,683 shares of the company's stock valued at $52,000 after purchasing an additional 2,085 shares in the last quarter. Finally, Summit Securities Group LLC lifted its stake in Aurora Innovation by 467.8% in the first quarter. Summit Securities Group LLC now owns 10,073 shares of the company's stock valued at $68,000 after buying an additional 8,299 shares during the last quarter. 44.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John J. Donahoe acquired 162,337 shares of Aurora Innovation stock in a transaction on Wednesday, August 6th. The stock was bought at an average price of $6.10 per share, for a total transaction of $990,255.70. Following the completion of the purchase, the director owned 162,337 shares in the company, valued at $990,255.70. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.85% of the company's stock.

Aurora Innovation Stock Performance

NASDAQ AUR traded up $0.10 on Friday, reaching $6.06. The stock had a trading volume of 33,956,855 shares, compared to its average volume of 17,004,290. Aurora Innovation, Inc. has a 12-month low of $4.75 and a 12-month high of $10.77. The business's 50-day moving average price is $5.99 and its 200 day moving average price is $6.18. The stock has a market cap of $11.18 billion, a P/E ratio of -12.89 and a beta of 2.48.

Aurora Innovation (NASDAQ:AUR - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.12) by $0.01. The firm had revenue of $1.00 million during the quarter, compared to analysts' expectations of $0.50 million. On average, sell-side analysts predict that Aurora Innovation, Inc. will post -0.49 earnings per share for the current year.

About Aurora Innovation

Aurora Innovation, Inc operates as a self-driving technology company in the United States. It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate vehicles. The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.