Virtu Financial LLC Buys New Stake in Aphria Inc (NYSE:APHA)

Virtu Financial LLC bought a new position in Aphria Inc (NYSE:APHA) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 71,815 shares of the company’s stock, valued at approximately $669,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Financial Advocates Investment Management acquired a new stake in shares of Aphria during the 4th quarter valued at about $89,000. Winslow Evans & Crocker Inc. acquired a new position in Aphria during the fourth quarter worth $28,000. Intercontinental Wealth Advisors LLC bought a new stake in Aphria during the fourth quarter worth $28,000. Liberty Wealth Management LLC bought a new position in shares of Aphria in the fourth quarter valued at about $35,000. Finally, Truvestments Capital LLC bought a new position in Aphria during the first quarter worth about $61,000. Institutional investors own 10.71% of the company’s stock.

Shares of NYSE APHA traded up $0.48 during trading hours on Friday, hitting $7.22. 5,754,690 shares of the company traded hands, compared to its average volume of 5,279,531. Aphria Inc has a 12 month low of $3.75 and a 12 month high of $16.86. The company has a market cap of $1.69 billion, a P/E ratio of 51.57 and a beta of 3.66.

Aphria (NYSE:APHA) last issued its earnings results on Monday, April 15th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.11). The business had revenue of $55.24 million during the quarter, compared to analyst estimates of $41.11 million.

Several equities research analysts recently commented on APHA shares. Zacks Investment Research downgraded shares of Aphria from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. ValuEngine cut Aphria from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Clarus Securities started coverage on shares of Aphria in a research report on Tuesday, April 16th. They issued a “buy” rating and a $22.75 price objective on the stock. Seaport Global Securities began coverage on Aphria in a research note on Thursday, February 21st. They set a “buy” rating and a $18.00 price objective for the company. Finally, CIBC assumed coverage on Aphria in a report on Friday, January 18th. They set a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Aphria has a consensus rating of “Buy” and a consensus target price of $15.69.

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About Aphria

Aphria Inc produces and sells medical cannabis in Canada and internationally. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It serves patients and health professionals. The company also sells its products online. Aphria Inc is headquartered in Leamington, Canada.

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Institutional Ownership by Quarter for Aphria (NYSE:APHA)

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