Madrona Financial Services LLC Acquires 20,000 Shares of Tilray Inc (NASDAQ:TLRY)

Madrona Financial Services LLC boosted its holdings in shares of Tilray Inc (NASDAQ:TLRY) by 40.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Madrona Financial Services LLC’s holdings in Tilray were worth $93,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ferguson Wellman Capital Management Inc. bought a new stake in Tilray during the 3rd quarter valued at approximately $26,000. International Assets Investment Management LLC lifted its position in shares of Tilray by 335.3% in the 3rd quarter. International Assets Investment Management LLC now owns 23,639 shares of the company’s stock worth $42,000 after acquiring an additional 18,208 shares during the period. Vista Capital Partners Inc. bought a new stake in shares of Tilray in the 3rd quarter worth approximately $42,000. Ameritas Advisory Services LLC bought a new stake in shares of Tilray in the 4th quarter worth approximately $32,000. Finally, Capital Management Associates Inc bought a new stake in shares of Tilray in the 3rd quarter worth approximately $45,000. Institutional investors own 9.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TLRY shares. Roth Mkm reduced their price objective on Tilray from $2.00 to $1.75 and set a “neutral” rating for the company in a research report on Friday, October 11th. Canaccord Genuity Group raised their price objective on Tilray from $2.00 to $3.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.70.

Tilray Stock Up 0.4 %

Shares of TLRY opened at $1.14 on Thursday. Tilray Inc has a 52 week low of $1.12 and a 52 week high of $2.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 2.54. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of -3.82 and a beta of 2.08. The business’s fifty day moving average price is $1.31 and its two-hundred day moving average price is $1.59.

Tilray (NASDAQ:TLRY) last posted its earnings results on Friday, January 10th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.07). The business had revenue of $210.90 million for the quarter, compared to the consensus estimate of $216.34 million. Tilray had a negative return on equity of 4.40% and a negative net margin of 30.95%. The company’s revenue was up 8.7% compared to the same quarter last year. On average, analysts predict that Tilray Inc will post -0.2 earnings per share for the current year.

Insider Activity at Tilray

In other Tilray news, CFO Carl A. Merton purchased 26,000 shares of the stock in a transaction on Friday, November 15th. The shares were purchased at an average price of $1.36 per share, with a total value of $35,360.00. Following the completion of the transaction, the chief financial officer now directly owns 26,000 shares in the company, valued at $35,360. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is owned by company insiders.

Tilray Company 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.