Marathon Capital Management Decreases Stock Holdings in urban-gro, Inc. (NASDAQ:UGRO)

Marathon Capital Management decreased its holdings in shares of urban-gro, Inc. (NASDAQ:UGRO) by 25.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 111,085 shares of the company’s stock after selling 38,915 shares during the period. Marathon Capital Management owned about 0.95% of urban-gro worth $156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, AWM Investment Company Inc. lifted its holdings in urban-gro by 69.0% in the 3rd quarter. AWM Investment Company Inc. now owns 1,138,861 shares of the company’s stock valued at $1,549,000 after purchasing an additional 464,781 shares in the last quarter. 20.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum decreased their price objective on urban-gro from $6.00 to $3.25 and set a “buy” rating on the stock in a report on Thursday, March 28th.

urban-gro Trading Down 2.3 %

UGRO stock traded down $0.04 during midday trading on Friday, reaching $1.71. The stock had a trading volume of 16,454 shares, compared to its average volume of 58,259. The company’s fifty day simple moving average is $1.80 and its 200 day simple moving average is $1.66. The company has a market cap of $21.07 million, a price-to-earnings ratio of -1.25 and a beta of 2.20. urban-gro, Inc. has a 52-week low of $1.00 and a 52-week high of $2.84.

urban-gro (NASDAQ:UGRO) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.24). urban-gro had a negative net margin of 22.30% and a negative return on equity of 53.53%. The firm had revenue of $15.01 million during the quarter, compared to analysts’ expectations of $29.98 million. Sell-side analysts predict that urban-gro, Inc. will post -0.21 EPS for the current year.

urban-gro Company Profile

urban-gro, Inc engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.