Two Sigma Advisers LP Boosts Stake in Cronos Group Inc. (NASDAQ:CRON)

Two Sigma Advisers LP lifted its holdings in Cronos Group Inc. (NASDAQ:CRON) by 8.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 275,357 shares of the company’s stock after buying an additional 20,400 shares during the quarter. Two Sigma Advisers LP owned 0.07% of Cronos Group worth $556,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Thompson Davis & CO. Inc. purchased a new stake in Cronos Group during the fourth quarter worth $29,000. Tower Research Capital LLC TRC raised its holdings in shares of Cronos Group by 140.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,726 shares of the company’s stock worth $28,000 after acquiring an additional 8,019 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Cronos Group in the fourth quarter worth $30,000. Jones Financial Companies Lllp raised its holdings in shares of Cronos Group by 64.5% in the fourth quarter. Jones Financial Companies Lllp now owns 16,623 shares of the company’s stock worth $34,000 after acquiring an additional 6,520 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Cronos Group in the fourth quarter worth $38,000. 8.71% of the stock is currently owned by hedge funds and other institutional investors.

Cronos Group Trading Up 0.5%

Cronos Group stock opened at $1.93 on Wednesday. The firm has a market capitalization of $743.86 million, a P/E ratio of -14.85, a PEG ratio of 1.74 and a beta of 1.06. The stock has a fifty day moving average price of $1.87 and a 200 day moving average price of $1.93. Cronos Group Inc. has a 52 week low of $1.60 and a 52 week high of $2.58.

Cronos Group (NASDAQ:CRON) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The company had revenue of $33.62 million during the quarter, compared to analyst estimates of $45.44 million. Cronos Group had a negative return on equity of 2.56% and a negative net margin of 42.65%. As a group, equities analysts predict that Cronos Group Inc. will post -0.03 EPS for the current year.

About Cronos Group

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.