Newbridge Financial Services Group Inc. Trims Stake in Tilray Inc (NASDAQ:TLRY)

Newbridge Financial Services Group Inc. decreased its position in shares of Tilray Inc (NASDAQ:TLRYFree Report) by 32.2% during the fourth quarter, Holdings Channel reports. The fund owned 29,547 shares of the company’s stock after selling 14,059 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Tilray were worth $68,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clear Street Markets LLC purchased a new stake in shares of Tilray in the 3rd quarter worth approximately $25,000. Gainplan LLC purchased a new stake in shares of Tilray in the 4th quarter worth approximately $28,000. RPO LLC purchased a new stake in shares of Tilray in the 4th quarter worth approximately $28,000. Wellington Wealth Strategies LLC. purchased a new stake in shares of Tilray in the 4th quarter worth approximately $29,000. Finally, International Assets Investment Management LLC grew its stake in shares of Tilray by 179.0% in the 4th quarter. International Assets Investment Management LLC now owns 14,734 shares of the company’s stock worth $34,000 after buying an additional 9,453 shares during the last quarter. Hedge funds and other institutional investors own 9.35% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TLRY shares. Alliance Global Partners upped their price target on Tilray from $2.25 to $2.75 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Canaccord Genuity Group cut their price target on Tilray from $4.25 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, CIBC cut their target price on Tilray from $2.25 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 10th.

Read Our Latest Stock Report on Tilray

Tilray Trading Up 0.9 %

TLRY traded up $0.02 during trading on Tuesday, hitting $1.71. 1,672,194 shares of the company’s stock traded hands, compared to its average volume of 28,133,885. The company’s 50 day simple moving average is $1.88 and its two-hundred day simple moving average is $1.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.18 and a current ratio of 1.92. Tilray Inc has a 12-month low of $1.50 and a 12-month high of $3.40.

Tilray Company Profile

(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 Nanaimo, Canada.

Further Reading

Want to see what other hedge funds are holding TLRY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tilray Inc (NASDAQ:TLRYFree Report).

Institutional Ownership by Quarter for Tilray (NASDAQ:TLRY)

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