Vontobel Holding Ltd. Acquires 14,220 Shares of Cronos Group Inc. (NASDAQ:CRON)

Vontobel Holding Ltd. lifted its holdings in shares of Cronos Group Inc. (NASDAQ:CRON) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 228,780 shares of the company’s stock after acquiring an additional 14,220 shares during the period. Vontobel Holding Ltd. owned approximately 0.06% of Cronos Group worth $478,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Revisor Wealth Management LLC bought a new position in shares of Cronos Group during the 3rd quarter worth about $47,000. Cerity Partners LLC acquired a new stake in shares of Cronos Group during the 4th quarter worth about $65,000. Barclays PLC acquired a new stake in shares of Cronos Group during the 2nd quarter worth about $75,000. International Assets Investment Management LLC increased its position in shares of Cronos Group by 228.0% during the 4th quarter. International Assets Investment Management LLC now owns 39,741 shares of the company’s stock worth $83,000 after purchasing an additional 27,626 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of Cronos Group during the 3rd quarter worth about $110,000. 8.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Bank of America raised their target price on shares of Cronos Group from $2.00 to $2.50 and gave the company an “underperform” rating in a research note on Monday, April 8th.

Cronos Group Trading Down 0.4 %

Shares of NASDAQ CRON opened at $2.36 on Tuesday. The firm has a market capitalization of $901.54 million, a PE ratio of -12.42 and a beta of 1.17. Cronos Group Inc. has a 1 year low of $1.64 and a 1 year high of $2.99. The firm’s 50-day moving average is $2.33 and its 200-day moving average is $2.11.

Cronos Group (NASDAQ:CRON) last issued its earnings results on Thursday, February 29th. The company reported ($0.05) earnings per share (EPS) for the quarter. The business had revenue of $23.92 million during the quarter, compared to the consensus estimate of $25.15 million. Cronos Group had a negative net margin of 84.15% and a negative return on equity of 3.99%. As a group, equities research analysts anticipate that Cronos Group Inc. will post -0.01 earnings per share for the current fiscal year.

Cronos Group Company Profile

Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.