15,310 Shares in CannTrust Holdings Inc (CTST) Acquired by Creative Planning

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.

NYSE CTST opened at C$6.21 on Thursday. The stock has a market cap of $642.29 million, a P/E ratio of -56.45 and a beta of 4.05. CannTrust Holdings Inc has a 52-week low of C$4.35 and a 52-week high of C$11.97. The company has a debt-to-equity ratio of 0.06, a current ratio of 7.65 and a quick ratio of 5.54.

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.

ILLEGAL ACTIVITY NOTICE: “15,310 Shares in CannTrust Holdings Inc (CTST) Acquired by Creative Planning” was first posted by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.themarketsdaily.com/2019/05/16/15310-shares-in-canntrust-holdings-inc-ctst-acquired-by-creative-planning.html.

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.

Read More: Dividend Stocks – Are They Right For You?

Want to see what other hedge funds are holding CTST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CannTrust Holdings Inc (NYSE:CTST).

Institutional Ownership by Quarter for CannTrust (NYSE:CTST)

Receive News & Ratings for CannTrust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CannTrust and related companies with MarketBeat.com's FREE daily email newsletter.