Tudor Investment Corp ET AL Purchases New Position in Tilray Brands, Inc. $TLRY

Tudor Investment Corp ET AL acquired a new stake in Tilray Brands, Inc. (NASDAQ:TLRYFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 299,398 shares of the company’s stock, valued at approximately $518,000. Tudor Investment Corp ET AL owned 0.27% of Tilray Brands at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TLRY. Oppenheimer & Co. Inc. acquired a new position in Tilray Brands during the 3rd quarter worth approximately $25,000. Silverlake Wealth Management LLC acquired a new position in shares of Tilray Brands in the third quarter worth $25,000. Unified Investment Management purchased a new position in Tilray Brands in the 3rd quarter valued at about $26,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Tilray Brands during the third quarter valued at approximately $30,000. Finally, HighPoint Advisor Group LLC purchased a new position in shares of Tilray Brands during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 9.35% of the company’s stock.

Tilray Brands Price Performance

NASDAQ TLRY opened at $6.14 on Thursday. The business’s fifty day moving average is $7.37 and its two-hundred day moving average is $10.25. The stock has a market capitalization of $715.35 million, a P/E ratio of -0.28 and a beta of 1.96. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.72 and a current ratio of 2.81. 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 posted its quarterly earnings data on Thursday, January 8th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.12. The firm had revenue of $217.51 million during the quarter, compared to analyst estimates of $211.15 million. Tilray Brands had a negative net margin of 251.69% and a negative return on equity of 6.35%. During the same quarter last year, the business posted ($0.03) EPS. On average, research analysts forecast that Tilray Brands, Inc. will post -0.2 earnings per share for the current fiscal year.

More Tilray Brands News

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TLRY shares. ATB Cormark Capital Markets raised shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 10th. TD Cowen lowered their target price on Tilray Brands from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Monday. Roth Mkm dropped their price target on shares of Tilray Brands from $20.00 to $10.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Zacks Research raised Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen raised shares of Tilray Brands from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.75.

Get Our Latest Stock Report on TLRY

Tilray Brands 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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Institutional Ownership by Quarter for Tilray Brands (NASDAQ:TLRY)

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