Quinn Opportunity Partners LLC Grows Position in Tilray Brands, Inc. $TLRY

Quinn Opportunity Partners LLC lifted its holdings in shares of Tilray Brands, Inc. (NASDAQ:TLRY) by 11.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,918,080 shares of the company’s stock after buying an additional 200,000 shares during the quarter. Quinn Opportunity Partners LLC owned about 0.19% of Tilray Brands worth $795,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Tilray Brands by 1,839.7% in the 1st quarter. AQR Capital Management LLC now owns 607,054 shares of the company’s stock worth $399,000 after purchasing an additional 575,757 shares in the last quarter. MCF Advisors LLC purchased a new stake in shares of Tilray Brands in the 1st quarter valued at $132,000. Bank Julius Baer & Co. Ltd Zurich increased its holdings in shares of Tilray Brands by 1,646.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 154,636 shares of the company’s stock worth $102,000 after buying an additional 145,780 shares during the period. State of Wyoming lifted its position in Tilray Brands by 133.0% in the first quarter. State of Wyoming now owns 241,165 shares of the company’s stock valued at $159,000 after purchasing an additional 137,676 shares during the last quarter. Finally, Tradewinds Capital Management LLC boosted its position in Tilray Brands by 177.0% during the 2nd quarter. Tradewinds Capital Management LLC now owns 203,461 shares of the company’s stock valued at $84,000 after buying an additional 130,001 shares during the period. Hedge funds and other institutional investors own 9.35% of the company’s stock.

Tilray Brands Price Performance

Shares of NASDAQ:TLRY opened at $1.23 on Thursday. The firm’s 50 day moving average price is $1.40 and its 200-day moving average price is $0.90. The company has a quick ratio of 1.56, a current ratio of 2.62 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.38 billion, a PE ratio of -0.54 and a beta of 2.04. Tilray Brands, Inc. has a twelve month low of $0.35 and a twelve month high of $2.32.

Tilray Brands (NASDAQ:TLRY) last announced its earnings results on Thursday, October 9th. The company reported $0.00 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.03. The company had revenue of $209.50 million for the quarter, compared to analysts’ expectations of $205.75 million. Tilray Brands had a negative return on equity of 6.79% and a negative net margin of 258.54%. Equities research analysts expect that Tilray Brands, Inc. will post -0.2 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on TLRY shares. Zelman & Associates reaffirmed a “neutral” rating on shares of Tilray Brands in a research report on Tuesday, July 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tilray Brands in a research note on Wednesday, October 8th. Wall Street Zen raised Tilray Brands from a “strong sell” rating to a “hold” rating in a report on Saturday, October 11th. Atb Cap Markets downgraded shares of Tilray Brands from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 9th. Finally, Jefferies Financial Group increased their price objective on Tilray Brands from $1.50 to $2.00 and gave the company a “buy” rating in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $2.00.

Tilray Brands Company Profile

Tilray, Inc engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc is headquartered in Canada.