Central Valley Advisors LLC Purchases New Stake in Tilray Inc (NASDAQ:TLRY)

Central Valley Advisors LLC acquired a new position in shares of Tilray Inc (NASDAQ:TLRY) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 146,067 shares of the company’s stock, valued at approximately $336,000.

A number of other institutional investors have also recently added to or reduced their stakes in TLRY. Clear Street Markets LLC bought a new position in shares of Tilray in the third quarter worth $25,000. Gainplan LLC purchased a new stake in Tilray in the 4th quarter worth about $28,000. Great Valley Advisor Group Inc. bought a new stake in Tilray during the third quarter valued at about $29,000. International Assets Investment Management LLC boosted its holdings in Tilray by 179.0% during the fourth quarter. International Assets Investment Management LLC now owns 14,734 shares of the company’s stock valued at $34,000 after acquiring an additional 9,453 shares during the period. Finally, Financial & Tax Architects LLC bought a new stake in Tilray during the fourth quarter valued at about $35,000. 9.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Alliance Global Partners upped their price target on shares of Tilray from $2.25 to $2.75 and gave the company a “neutral” rating in a report on Friday, April 5th. Canaccord Genuity Group reduced their target price on shares of Tilray from $4.25 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, CIBC reduced their target price on shares of Tilray from $2.25 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, April 10th.

Tilray Price Performance

Shares of Tilray stock traded down $0.04 during midday trading on Wednesday, reaching $1.87. The company had a trading volume of 11,518,776 shares, compared to its average volume of 30,900,463. The company has a current ratio of 1.92, a quick ratio of 1.18 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of -4.32 and a beta of 2.36. The stock has a fifty day simple moving average of $2.05 and a 200 day simple moving average of $1.96. Tilray Inc has a 1-year low of $1.50 and a 1-year high of $3.40.

About Tilray

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 Nanaimo, Canada.