Bard Associates Inc. Reduces Holdings in urban-gro, Inc. (NASDAQ:UGRO)

Bard Associates Inc. trimmed its holdings in shares of urban-gro, Inc. (NASDAQ:UGRO) by 13.5% in the fourth quarter, HoldingsChannel reports. The firm owned 251,729 shares of the company’s stock after selling 39,325 shares during the period. Bard Associates Inc.’s holdings in urban-gro were worth $238,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Private Advisor Group LLC increased its stake in shares of urban-gro by 3.3% during the 3rd quarter. Private Advisor Group LLC now owns 215,746 shares of the company’s stock worth $298,000 after purchasing an additional 6,841 shares in the last quarter. Evernest Financial Advisors LLC purchased a new position in shares of urban-gro during the 4th quarter worth approximately $57,000. Finally, Garden State Investment Advisory Services LLC purchased a new position in shares of urban-gro during the 3rd quarter worth approximately $166,000. 20.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Craig Hallum raised shares of urban-gro to a “strong-buy” rating in a research note on Wednesday, February 19th.

urban-gro Stock Performance

UGRO stock opened at $0.80 on Tuesday. The stock has a market capitalization of $10.17 million, a P/E ratio of -0.72 and a beta of 1.87. urban-gro, Inc. has a one year low of $0.60 and a one year high of $2.42. The company has a 50 day moving average price of $0.87 and a two-hundred day moving average price of $1.23.

urban-gro (NASDAQ:UGRO) last released its earnings results on Tuesday, February 18th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.15). The business had revenue of $9.89 million for the quarter, compared to analysts’ expectations of $17.49 million.

urban-gro 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.