Creative Planning bought a new position in shares of CannTrust Holdings Inc (NYSE:CTST) in the 1st quarter, HoldingsChannel reports. The fund bought 15,310 shares of the company’s stock, valued at approximately $119,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Winslow Evans & Crocker Inc. acquired a new stake in shares of CannTrust during the first quarter worth about $56,000. Legacy Advisors LLC acquired a new stake in shares of CannTrust during the first quarter worth about $1,555,000. Paragon Capital Management LLC acquired a new stake in shares of CannTrust during the first quarter worth about $54,000. Davis Rea LTD. acquired a new stake in shares of CannTrust during the first quarter worth about $3,846,000. Finally, Virtu Financial LLC acquired a new stake in shares of CannTrust during the first quarter worth about $618,000. Institutional investors and hedge funds own 1.49% of the company’s stock.
Several research analysts recently issued reports on CTST shares. Bloom Burton reissued an “accumulate” rating on shares of CannTrust in a report on Friday, March 29th. Zacks Investment Research cut shares of CannTrust from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd.
CannTrust (NYSE:CTST) last posted its quarterly earnings results on Tuesday, May 14th. The company reported C$0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.05) by C$0.14. The firm had revenue of C$16.85 million during the quarter, compared to analysts’ expectations of C$17.00 million. CannTrust had a negative net margin of 28.09% and a negative return on equity of 7.34%. The firm’s revenue for the quarter was up 114.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. As a group, sell-side analysts predict that CannTrust Holdings Inc will post -0.01 EPS for the current fiscal year.
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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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