International Assets Investment Management LLC Acquires 22,628 Shares of Cronos Group Inc. (NASDAQ:CRON)

International Assets Investment Management LLC increased its holdings in Cronos Group Inc. (NASDAQ:CRON) by 119.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,643 shares of the company’s stock after purchasing an additional 22,628 shares during the quarter. International Assets Investment Management LLC’s holdings in Cronos Group were worth $91,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. ClariVest Asset Management LLC lifted its holdings in Cronos Group by 2.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 273,184 shares of the company’s stock worth $637,000 after buying an additional 7,362 shares during the period. Toronto Dominion Bank lifted its stake in shares of Cronos Group by 204.8% in the first quarter. Toronto Dominion Bank now owns 17,054 shares of the company’s stock worth $45,000 after acquiring an additional 11,459 shares during the period. National Bank of Canada FI boosted its holdings in Cronos Group by 1,094.4% in the second quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock valued at $35,000 after acquiring an additional 13,899 shares during the last quarter. Cedar Wealth Management LLC increased its position in Cronos Group by 65.4% during the 2nd quarter. Cedar Wealth Management LLC now owns 37,935 shares of the company’s stock valued at $88,000 after purchasing an additional 15,000 shares during the period. Finally, Virtu Financial LLC increased its position in Cronos Group by 34.9% during the 1st quarter. Virtu Financial LLC now owns 105,985 shares of the company’s stock valued at $277,000 after purchasing an additional 27,446 shares during the period. Institutional investors own 8.71% of the company’s stock.

Cronos Group Stock Performance

Cronos Group stock opened at $2.06 on Friday. The firm has a 50 day moving average price of $2.18 and a two-hundred day moving average price of $2.36. Cronos Group Inc. has a 52-week low of $1.85 and a 52-week high of $3.14. The firm has a market cap of $787.54 million, a price-to-earnings ratio of -13.73 and a beta of 0.98.

Cronos Group (NASDAQ:CRON) last announced its earnings results on Thursday, August 8th. The company reported ($0.02) earnings per share for the quarter. Cronos Group had a negative return on equity of 2.06% and a negative net margin of 56.43%. The firm had revenue of $27.76 million for the quarter, compared to the consensus estimate of $25.85 million. During the same period in the prior year, the business earned ($0.02) EPS. As a group, equities research analysts predict that Cronos Group Inc. will post -0.05 EPS 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.