State of Wyoming Sells 200,136 Shares of Tilray Brands, Inc. $TLRY

State of Wyoming trimmed its stake in Tilray Brands, Inc. (NASDAQ:TLRY) by 83.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 39,892 shares of the company’s stock after selling 200,136 shares during the period. State of Wyoming’s holdings in Tilray Brands were worth $360,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new stake in Tilray Brands in the 3rd quarter valued at approximately $518,000. Optiver Holding B.V. grew its holdings in Tilray Brands by 239.4% in the 3rd 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 during the last quarter. Cresset Asset Management LLC grew its holdings in Tilray Brands by 72.1% in the 3rd 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 during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in Tilray Brands by 99,204,800.0% in the 3rd 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 during the last quarter. Finally, Zuckerman Investment Group LLC acquired a new stake in Tilray Brands in the 3rd quarter valued at approximately $147,000. Institutional investors and hedge funds own 9.35% of the company’s stock.

Insider Activity

In related news, Director David G. Hopkinson sold 33,556 shares of Tilray Brands stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $6.94, for a total value of $232,878.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Tilray Brands Stock Up 1.8%

Shares of NASDAQ TLRY opened at $5.03 on Tuesday. The stock has a market cap of $586.25 million, a PE ratio of -0.37 and a beta of 1.88. Tilray Brands, Inc. has a 52-week low of $3.51 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.66 and a current ratio of 2.79. The business has a fifty day moving average of $6.04 and a two-hundred day moving average of $7.61.

Tilray Brands (NASDAQ:TLRY) last posted its quarterly earnings data 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 analyst estimates 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 period in the previous year, the business posted ($0.87) EPS. As a group, equities research analysts expect that Tilray Brands, Inc. will post -0.58 earnings per share for the current fiscal year.

Tilray Brands Profile

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.