Paragon Capital Management LLC purchased a new position in CannTrust Holdings Inc (NYSE:CTST) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,000 shares of the company’s stock, valued at approximately $54,000.
A number of other institutional investors have also modified their holdings of the business. Virtu Financial LLC bought a new stake in CannTrust in the first quarter worth about $618,000. Legacy Advisors LLC bought a new stake in CannTrust in the first quarter worth about $1,555,000. Finally, Davis Rea LTD. bought a new stake in CannTrust in the first quarter worth about $3,846,000. Hedge funds and other institutional investors own 0.08% of the company’s stock.
NYSE CTST traded down C$0.30 on Monday, hitting C$6.87. 1,388,522 shares of the company were exchanged, compared to its average volume of 1,167,752. The company has a current ratio of 7.65, a quick ratio of 5.54 and a debt-to-equity ratio of 0.06. The company has a market cap of $729.97 million, a PE ratio of -62.45 and a beta of 4.40. CannTrust Holdings Inc has a twelve month low of C$4.35 and a twelve month high of C$11.97.
Several research firms have issued reports on CTST. Bloom Burton restated an “accumulate” rating on shares of CannTrust in a report on Friday, March 29th. Zacks Investment Research upgraded CannTrust from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a report on Tuesday, April 2nd.
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CannTrust Holdings Inc produces and distributes pharmaceutical grade medical cannabis products in Canada. It sells dried cannabis and oil extractions to the client based on the medication document provided by health care practitioner. The company has a partnership with Gold Coast University Hospital.
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