Cannell Capital LLC acquired a new position in shares of Cronos Group Inc. (NASDAQ:CRON - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,645,221 shares of the company's stock, valued at approximately $3,323,000. Cronos Group comprises about 0.7% of Cannell Capital LLC's holdings, making the stock its 29th biggest holding. Cannell Capital LLC owned about 0.43% of Cronos Group at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CRON. Raymond James Financial Inc. purchased a new stake in Cronos Group in the fourth quarter valued at $641,000. Tidal Investments LLC increased its position in shares of Cronos Group by 4.4% during the third quarter. Tidal Investments LLC now owns 5,026,489 shares of the company's stock worth $11,008,000 after purchasing an additional 210,263 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Cronos Group by 72.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 380,575 shares of the company's stock valued at $769,000 after purchasing an additional 159,575 shares during the last quarter. WINTON GROUP Ltd boosted its position in shares of Cronos Group by 106.5% in the 4th quarter. WINTON GROUP Ltd now owns 288,990 shares of the company's stock valued at $584,000 after purchasing an additional 149,028 shares during the period. Finally, SeaCrest Wealth Management LLC grew its stake in Cronos Group by 77.3% during the 4th quarter. SeaCrest Wealth Management LLC now owns 189,245 shares of the company's stock worth $382,000 after buying an additional 82,500 shares during the last quarter. Institutional investors and hedge funds own 8.71% of the company's stock.
Cronos Group Stock Performance
NASDAQ CRON traded up $0.07 on Friday, reaching $1.75. The stock had a trading volume of 1,582,287 shares, compared to its average volume of 1,474,873. The stock has a market cap of $674.46 million, a P/E ratio of -13.46, a price-to-earnings-growth ratio of 1.74 and a beta of 1.02. Cronos Group Inc. has a 12-month low of $1.60 and a 12-month high of $3.14. The business's 50-day moving average price is $1.88 and its 200 day moving average price is $1.99.
Cronos Group Profile
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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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