Commonwealth Equity Services LLC boosted its holdings in shares of CannTrust Holdings Inc (NYSE:CTST) by 11.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,208 shares of the company’s stock after buying an additional 4,547 shares during the quarter. Commonwealth Equity Services LLC’s holdings in CannTrust were worth $216,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of CTST. Davis Rea LTD. grew its holdings in shares of CannTrust by 7.4% in the 2nd quarter. Davis Rea LTD. now owns 532,785 shares of the company’s stock valued at $2,669,000 after buying an additional 36,650 shares during the period. Hilton Capital Management LLC acquired a new position in shares of CannTrust in the 1st quarter valued at $698,000. JW Asset Management LLC acquired a new position in shares of CannTrust in the 1st quarter valued at $10,863,000. Aureus Asset Management LLC acquired a new position in shares of CannTrust in the 1st quarter valued at $647,000. Finally, PNC Financial Services Group Inc. acquired a new position in shares of CannTrust in the 1st quarter valued at $26,000. 6.84% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on the stock. Bank of America lowered shares of CannTrust from a “buy” rating to an “underperform” rating and decreased their price target for the company from $9.00 to $4.50 in a report on Monday, July 8th. Eight Capital lowered shares of CannTrust from a “buy” rating to a “neutral” rating in a report on Monday, July 8th. Roth Capital reissued a “neutral” rating on shares of CannTrust in a report on Tuesday, July 9th. BMO Capital Markets raised shares of CannTrust from a “market perform” rating to an “outperform” rating in a report on Thursday, May 30th. Finally, Paradigm Capital reaffirmed a “buy” rating on shares of CannTrust in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. CannTrust currently has a consensus rating of “Hold” and a consensus target price of C$7.25.
CTST opened at C$1.86 on Thursday. CannTrust Holdings Inc has a 12 month low of C$1.85 and a 12 month high of C$11.97. The company has a fifty day moving average of C$2.72. The company has a current ratio of 5.64, a quick ratio of 3.38 and a debt-to-equity ratio of 0.01.
CannTrust Company Profile
CannTrust Holdings Inc produces and sells medical and recreational cannabis in Canada. It sells dried cannabis and cannabis extracts to the medical patients. CannTrust Holdings Inc was incorporated in 2015 and is headquartered in Vaughan, Canada.
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