Cronos Group Inc. (NASDAQ:CRON) Shares Acquired by Millennium Management LLC

Millennium Management LLC grew its holdings in Cronos Group Inc. (NASDAQ:CRONFree Report) by 23.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 840,374 shares of the company’s stock after purchasing an additional 161,163 shares during the quarter. Millennium Management LLC owned 0.22% of Cronos Group worth $1,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CRON. Dimensional Fund Advisors LP raised its holdings in Cronos Group by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,753,055 shares of the company’s stock worth $5,561,000 after purchasing an additional 132,536 shares in the last quarter. Cannell Capital LLC acquired a new position in Cronos Group in the 4th quarter valued at $3,323,000. Geode Capital Management LLC boosted its position in shares of Cronos Group by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 546,700 shares of the company’s stock worth $1,104,000 after purchasing an additional 33,121 shares in the last quarter. Kerrisdale Advisers LLC boosted its position in shares of Cronos Group by 2.3% during the 4th quarter. Kerrisdale Advisers LLC now owns 468,786 shares of the company’s stock worth $947,000 after purchasing an additional 10,539 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Cronos Group by 72.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 380,575 shares of the company’s stock worth $769,000 after purchasing an additional 159,575 shares in the last quarter. Hedge funds and other institutional investors own 8.71% of the company’s stock.

Cronos Group Stock Down 3.0%

Cronos Group stock opened at $1.92 on Tuesday. The firm has a market capitalization of $740.01 million, a PE ratio of -14.77, a P/E/G ratio of 1.74 and a beta of 1.06. The firm’s 50-day simple moving average is $1.87 and its 200 day simple moving average is $1.93. Cronos Group Inc. has a 52 week low of $1.60 and a 52 week high of $2.61.

Cronos Group (NASDAQ:CRONGet Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $33.62 million for the quarter, compared to analyst estimates of $45.44 million. Cronos Group had a negative net margin of 42.65% and a negative return on equity of 2.56%. On average, research analysts expect that Cronos Group Inc. will post -0.03 EPS for the current fiscal year.

Cronos Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cronos Group (NASDAQ:CRON)

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