This is a FREE unlocked article from DMO PRO. Want these articles unlocked or in your inbox?

Register for PRO here!

Since Monday, February 4th, 2019, 13F filings with the SEC shows that 22 different U.S. funds have recently taken new long positions in Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB). Over that same period, none have filed to disclose any sales of ACB.

13Fs are mandatory portfolio disclosures that are filed by institutional investment managers over $100 million USD in equity assets under management, so they can act as a great indicator of where the smart money is going.

With a total of 3,589,911 shares of ACB swallowed up by these firms, it certainly shows that some big firms on Wall Street are bullish on Aurora. To be clear, these 22 funds represent just a small percentage of the institutional ownership of Aurora stock.

Institutions Owning Shares of Aurora Cannabis

According to aggregated 13F filings, approximately 173,344,000 shares of ACB are held by U.S.-reporting institutions, which represents over 17% of the roughly 998 million shares outstanding.

Some of the firms that have recently bought in big include The Roosevelt Investment Group, Inc., Commerzbank AG, Brave Asset Management, and more. Other firms that bought in even earlier include Oppenheimer & Co., Winslow, Evans & Crocker, Inc., and more.

Fund Position Value at $7.71 USD Per Share Shares Purchased Date Reported MACROVIEW INVESTMENT MANAGEMENT LLC $21,203 2,750 2019-02-07 CNB BANK $15,420 2,000 2019-02-06 WARATAH CAPITAL ADVISORS LTD. $2,260,572 293,200 2019-02-06 SUMITOMO MITSUI TRUST HOLDINGS, INC. $17,848,372 2,314,964 2019-02-06 HELLMAN JORDAN MANAGEMENT COMPANY INC $1,542,000 200,000 2019-02-06 GLASSMAN WEALTH SERVICES $125,372 16,261 2019-02-06 JANUS HENDERSON GROUP PLC $885,563 114,859 2019-02-06 COMMERZBANK AKTIENGESELLSCHAFT $1,309,274 169,815 2019-02-06 SRS CAPITAL ADVISORS, INC. $1,503 195 2019-02-06 WINCH ADVISORY SERVICES, LLC $16,191 2,100 2019-02-05 CUTLER GROUP LP(PUT) $247,491 32,100 2019-02-05 TRUSTCORE FINANCIAL SERVICES, LLC $51,056 6,622 2019-02-05 CUTLER GROUP LP $3,855 500 2019-02-05 CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. $1,679,307 217,809 2019-02-05 CUTLER GROUP LP(CALL) $819,573 106,300 2019-02-05 ROOSEVELT INVESTMENT GROUP INC $97,994 12,710 2019-02-05 REGAL INVESTMENT ADVISORS LLC $366,125 47,487 2019-02-04 OPTIMUM INVESTMENT ADVISORS $10,331 1,340 2019-02-04 BRAVE ASSET MANAGEMENT INC $81,410 10,559 2019-02-04 BB&T SECURITIES, LLC $265,031 34,375 2019-02-04 HOWE & RUSLING INC $1,157 150 2019-02-04 CAPITAL INVESTMENT ADVISORY SERVICES, LLC $29,414 3,815 2019-02-04 TOTAL: $27,678,214 3,589,911

Institutional investor interest in Aurora should come as no surprise given the fact that the average price target of analysts covering ACB is $13.38 CAD per share. Most recently, the cannabis analyst at Bryan, Garnier & Co. released a report that sees shares of Aurora going to $16 CAD per share, equivalent to roughly $12.03 USD.

With a last traded price of $7.71 USD per share on the NYSE, there’s still a lot of potential upside left in that trade.

This is a FREE unlocked article from DMO PRO. Want these articles unlocked or in your inbox?

Register for PRO here!