Connective Capital Management LLC Makes New Investment in Aurora Cannabis Inc. (NASDAQ:ACB)

Connective Capital Management LLC purchased a new stake in shares of Aurora Cannabis Inc. (NASDAQ:ACB - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 77,668 shares of the company's stock, valued at approximately $330,000. Connective Capital Management LLC owned about 0.14% of Aurora Cannabis at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ACB. Renaissance Technologies LLC increased its holdings in shares of Aurora Cannabis by 8.6% in the fourth quarter. Renaissance Technologies LLC now owns 714,655 shares of the company's stock worth $3,037,000 after buying an additional 56,400 shares during the period. Dimensional Fund Advisors LP grew its position in Aurora Cannabis by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 84,921 shares of the company's stock worth $361,000 after acquiring an additional 5,800 shares during the last quarter. Two Sigma Advisers LP increased 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 worth $264,000 after purchasing an additional 9,793 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Aurora Cannabis in the fourth quarter valued at approximately $221,000. Finally, Bulltick Wealth Management LLC purchased a new stake in shares of Aurora Cannabis during the fourth quarter valued at approximately $150,000. 47.63% of the stock is currently owned by institutional investors.

Aurora Cannabis Trading Up 0.2%

Shares of NASDAQ:ACB traded up $0.01 during midday trading on Monday, hitting $5.50. 853,574 shares of the stock traded hands, compared to its average volume of 1,551,122. The company has a quick ratio of 1.60, a current ratio of 3.30 and a debt-to-equity ratio of 0.07. The business's 50 day moving average is $4.58 and its two-hundred day moving average is $4.60. The stock has a market capitalization of $309.18 million, a PE ratio of 110.02 and a beta of 1.94. Aurora Cannabis Inc. has a one year low of $3.42 and a one year high of $7.20.

Analyst Ratings Changes

Separately, Atb Cap Markets upgraded shares of Aurora Cannabis from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 5th.

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.