Tidal Investments LLC Decreases Stock Holdings in Cronos Group Inc. (NASDAQ:CRON)

Tidal Investments LLC decreased its position in Cronos Group Inc. (NASDAQ:CRON - Free Report) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,884,980 shares of the company's stock after selling 141,509 shares during the quarter. Tidal Investments LLC owned approximately 1.28% of Cronos Group worth $9,868,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CRON. Dimensional Fund Advisors LP increased its position in shares of Cronos Group by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,753,055 shares of the company's stock valued at $5,561,000 after buying an additional 132,536 shares during the period. Cannell Capital LLC bought a new stake in Cronos Group during the 4th quarter valued at approximately $3,323,000. Millennium Management LLC grew its holdings in shares of Cronos Group by 23.7% during the 4th quarter. Millennium Management LLC now owns 840,374 shares of the company's stock worth $1,698,000 after acquiring an additional 161,163 shares during the period. Geode Capital Management LLC grew its holdings 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 acquiring an additional 33,121 shares during the period. Finally, Kerrisdale Advisers LLC raised its position in shares of Cronos Group by 2.3% in the 4th quarter. Kerrisdale Advisers LLC now owns 468,786 shares of the company's stock worth $947,000 after acquiring an additional 10,539 shares in the last quarter. Hedge funds and other institutional investors own 8.71% of the company's stock.

Cronos Group Stock Down 3.3%

NASDAQ CRON opened at $2.07 on Tuesday. Cronos Group Inc. has a twelve month low of $1.60 and a twelve month high of $2.90. The firm has a market capitalization of $797.79 million, a PE ratio of -15.92, a P/E/G ratio of 1.74 and a beta of 1.06. The stock's 50 day moving average is $1.84 and its 200 day moving average is $1.94.

Cronos Group (NASDAQ:CRON - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The business 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%. On average, research analysts anticipate that Cronos Group Inc. will post -0.03 earnings per share 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.

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