AdvisorShares Investments LLC Has $625,000 Stock Holdings in Tilray Brands, Inc. $TLRY

AdvisorShares Investments LLC trimmed its stake in Tilray Brands, Inc. (NASDAQ:TLRY) by 90.3% in the fourth quarter, HoldingsChannel reports. The firm owned 69,229 shares of the company’s stock after selling 642,306 shares during the period. AdvisorShares Investments LLC’s holdings in Tilray Brands were worth $625,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new position in shares of Tilray Brands in the third quarter valued at $518,000. Optiver Holding B.V. lifted its stake in shares of Tilray Brands by 239.4% in the third quarter. Optiver Holding B.V. now owns 224,049 shares of the company’s stock valued at $388,000 after buying an additional 158,041 shares in the last quarter. Cresset Asset Management LLC lifted its stake in shares of Tilray Brands by 72.1% in the third quarter. Cresset Asset Management LLC now owns 501,989 shares of the company’s stock valued at $868,000 after buying an additional 210,267 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of Tilray Brands by 99,204,800.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 992,049 shares of the company’s stock valued at $1,716,000 after buying an additional 992,048 shares in the last quarter. Finally, Zuckerman Investment Group LLC bought a new position in shares of Tilray Brands in the third quarter valued at $147,000. 9.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TLRY shares. Roth Mkm raised shares of Tilray Brands from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Thursday, April 2nd. Wall Street Zen raised shares of Tilray Brands from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Zacks Research raised shares of Tilray Brands from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 11th. TD Cowen dropped their price target on shares of Tilray Brands from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Monday, March 30th. Finally, Weiss Ratings lowered shares of Tilray Brands from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $11.50.

Insider Buying and Selling

In related news, Director David G. Hopkinson sold 33,556 shares of the business’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $6.94, for a total transaction of $232,878.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.84% of the company’s stock.

Tilray Brands Stock Performance

NASDAQ TLRY opened at $5.51 on Friday. The company’s 50 day moving average is $6.20 and its 200-day moving average is $7.91. Tilray Brands, Inc. has a 12-month low of $3.51 and a 12-month high of $23.20. The company has a quick ratio of 1.66, a current ratio of 2.79 and a debt-to-equity ratio of 0.19. The firm has a market cap of $642.18 million, a P/E ratio of -0.40 and a beta of 1.94.

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

About Tilray Brands

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.