Altshuler Shaham Ltd Sells 278,101 Shares of Tilray Brands, Inc. $TLRY

by · The Cerbat Gem

Altshuler Shaham Ltd decreased its position in shares of Tilray Brands, Inc. (NASDAQ:TLRYFree Report) by 74.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,955 shares of the company’s stock after selling 278,101 shares during the period. Altshuler Shaham Ltd’s holdings in Tilray Brands were worth $857,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new position in shares of Tilray Brands in the third quarter worth $25,000. Clearstead Advisors LLC increased its position in shares of Tilray Brands by 437.3% in the third quarter. Clearstead Advisors LLC now owns 21,625 shares of the company’s stock worth $37,000 after purchasing an additional 17,600 shares during the period. Cerity Partners LLC increased its position in shares of Tilray Brands by 98.5% in the second quarter. Cerity Partners LLC now owns 92,560 shares of the company’s stock worth $38,000 after purchasing an additional 45,929 shares during the period. Hilton Head Capital Partners LLC bought a new position in shares of Tilray Brands in the fourth quarter worth $38,000. Finally, Marex Group plc bought a new position in shares of Tilray Brands in the second quarter worth $40,000. Institutional investors own 9.35% of the company’s stock.

Key Headlines Impacting Tilray Brands

Here are the key news stories impacting Tilray Brands this week:

Tilray Brands Stock Performance

NASDAQ:TLRY opened at $4.75 on Thursday. The stock has a market cap of $553.61 million, a P/E ratio of -0.35 and a beta of 1.88. The company has a current ratio of 2.79, a quick ratio of 1.66 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average is $5.84 and its 200-day moving average is $7.38. Tilray Brands, Inc. has a 1-year low of $3.51 and a 1-year high of $23.20.

Tilray Brands (NASDAQ:TLRYGet Free Report) last released its quarterly earnings results on Wednesday, April 1st. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.10). The firm had revenue of $206.73 million for the quarter, compared to the consensus estimate of $201.35 million. Tilray Brands had a negative return on equity of 3.31% and a negative net margin of 156.51%.During the same quarter last year, the firm posted ($0.87) earnings per share. Equities research analysts anticipate that Tilray Brands, Inc. will post -0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen decreased their price target on Tilray Brands from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. ATB Cormark Capital Markets decreased their price target on Tilray Brands from $9.50 to $9.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen upgraded Tilray Brands from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Roth Mkm upgraded Tilray Brands from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research report on Thursday, April 2nd. Finally, Weiss Ratings cut Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Tilray Brands currently has an average rating of “Hold” and an average price target of $11.50.

Read Our Latest Research Report on TLRY

Insider Buying and Selling at Tilray Brands

In other news, Director David G. Hopkinson sold 33,556 shares of the business’s stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $6.94, for a total transaction of $232,878.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.84% of the company’s stock.

Tilray Brands Company Profile

(Free Report)

Tilray Brands, Inc is a global cannabis-lifestyle and consumer packaged goods company engaged in the cultivation, production, distribution and sale of cannabis and cannabinoid-based products. The company develops and markets a diverse portfolio of branded products spanning medical cannabis, adult-use recreational products and wellness offerings. Through state-of-the-art cultivation facilities, research and development efforts, and quality control systems, Tilray Brands aims to deliver consistent, scalable products for a range of patient and consumer needs.

Tilray’s product lineup includes cannabis flower, pre-rolls, oils and tinctures, vapes, edibles and topicals, as well as hemp-derived cannabidiol (CBD) products.

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