Tilray Brands, Inc. (NASDAQ:TLRY - Get Free Report) was the target of some unusual options trading on Tuesday. Investors purchased 82,674 call options on the stock. This represents an increase of approximately 233% compared to the average daily volume of 24,795 call options.
Hedge Funds Weigh In On Tilray Brands
A number of hedge funds have recently made changes to their positions in TLRY. Raymond James Financial Inc. acquired a new stake in Tilray Brands during the 4th quarter worth $255,000. Avantax Advisory Services Inc. boosted its position in Tilray Brands by 23.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 121,854 shares of the company's stock worth $162,000 after acquiring an additional 22,838 shares during the last quarter. Swiss National Bank grew its stake in Tilray Brands by 10.2% during the 4th quarter. Swiss National Bank now owns 1,776,638 shares of the company's stock valued at $2,363,000 after acquiring an additional 164,600 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Tilray Brands in the 4th quarter valued at about $211,000. Finally, Virtu Financial LLC purchased a new position in Tilray Brands in the 4th quarter worth approximately $1,029,000. Institutional investors and hedge funds own 9.35% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on TLRY. Roth Capital reiterated a "neutral" rating on shares of Tilray Brands in a research note on Monday, April 14th. Piper Sandler reduced their price target on Tilray Brands from $2.00 to $1.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Finally, Wall Street Zen downgraded Tilray Brands to a "strong sell" rating in a research note on Saturday, July 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $1.92.
View Our Latest Stock Analysis on TLRY
Tilray Brands Price Performance
Shares of TLRY stock traded down $0.02 during mid-day trading on Friday, hitting $0.68. 26,516,671 shares of the stock were exchanged, compared to its average volume of 35,584,863. The company has a quick ratio of 1.61, a current ratio of 2.62 and a debt-to-equity ratio of 0.12. Tilray Brands has a 52-week low of $0.35 and a 52-week high of $2.15. The firm has a fifty day moving average of $0.49 and a 200 day moving average of $0.66. The company has a market cap of $685.42 million, a PE ratio of -0.65 and a beta of 1.82.
Tilray Brands Company Profile
(
Get Free Report)
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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